Under Mikel Arteta's leadership, Arsenal concluded the previous season trailing Premier League champions Manchester City by five points, securing their place in the Champions League for the first time in six years.
Despite Arsenal's strong start to the current season, amassing 10 points from their first four Premier League matches, Wenger believes that juggling Champions League commitments could potentially hinder their chances in the title race.
Wenger also expressed the opinion that City might be weaker this season due to injuries and key departures, notably Kevin De Bruyne's injury and Ilkay Gundogan's move to Barcelona during the summer.
"I felt they [Arsenal] invested serious money in the last four years, they invested a lot of money, but I must say they invested it well," Wenger remarked during an appearance on the Seaman Says podcast. "They still have a young team, a talented team. I think they learned from what happened to them last year.
"They couldn't cope well with that, mentally it was very difficult. I'm sure they would've learned from that.
"I believe as well that City having lost De Bruyne for a long period and Gundogan, who was a very important player, even if they are a top team I don't disagree with that, but maybe they (Arsenal) can take advantage of it.
"But we have to deal with the Champions League, so that costs points as well."
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