The Gunners have slumped to successive defeats at Fulham and Swansea to derail their drive up the table, with the gap to Chelsea at four points ahead of this weekend's fixtures which sees Wenger's men host Manchester United on Sunday.
Arsenal has played in
In Wenger's eyes, however, the benchmark has been set.
"For me it would be [a disaster]", the Arsenal manager said. "Because I want to play with the best.
"We want to be in there, in the top four, and to play in the Champions League, and anything else would not be good enough."
Should Arsenal lose to United on Sunday (Monday 03:00 AEDT), it could be cast further adrift of the top four, while leader Manchester City and arch-rival Tottenham, who clash at the
Wenger, though, continues to focus on the positives.
"It could be a good one [weekend]", he said.
"In the press you are now educated to see everything in black. You reflect the fans' fear, but you create it as well."
While insisting he is not looking for excuses for Arsenal's recent poor displays, Wenger believes his side have been on the wrong end of some key decisions, such as when Swansea was awarded a penalty for what the Arsenal manager saw as a dive by
The Arsenal manager said: "We want the right decisions to be made.
"There are some people [in
"There is no conspiracy, you can still win the game with a bad decision, but you want the right decisions to be made."
Wenger added: "If [
"You cannot say it is exactly the same and it doesn't matter. If it doesn't matter when Dyer dives why does it matter when Pires dives?"
Arsenal was humiliated 8-2 at Old Trafford earlier in the season. Wenger, though, maintains Sunday will not be just about setting that right.
"It was a massive disappointment for us to lose at that level, but what is important is you do not play a football game for revenge, you play a football game because you want to win," he said.
Wenger's relationship with United boss Sir
The French coach may have a few years on the 70-year-old Scot, who has already delayed his retirement once.
Wenger, 62, knows the time will come when he too will have to contemplate life away from first-team management.
"We are in a job where we need our physical strength and health. That weakens, I've heard, the older you get," he said.
"I will maybe do a different job, not every day out there with the football team, but I will work, that's for sure.
"I don't like to get up in the morning and have nothing to do - maybe I will become a commentator."
UEFA Champions League
UEFA considers rule change in three years
UEFA is prepared to review the controversial rule that saw Tottenham miss out on the UEFA Champions League in favour of Chelsea.
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