Yossi Benayoun believes Arsenal have fully recovered from a difficult summer and are well on course to secure a top-four finish in the Premier League.
The Gunners stumbled out of the blocks this season on the back of a transfer window that left them shorn of two of their brightest stars.
Cesc Fabregas and Samir Nasri were offloaded to Barcelona and Manchester City respectively and it took a while for Arsene Wenger's new-look side to settle into their stride.
They have, however, found their feet over recent weeks, winning six of their last seven matches in the league and booking their place in the last 16 of the UEFA Champions League.
Summer arrivals such as Per Mertesacker, Andre Santos and Mikel Arteta are starting to look more at home at the Emirates and loan star Benayoun sees no reason why the club cannot kick on into the New Year.
"Fabregas and Nasri are both good players and maybe the fans expected other names, or bigger names," the Israeli said on Wenger's transfer business.
"But all the players bought on the last day have proved themselves and we are playing much better and winning games.
"The supporters now understand that we have a good team with a lot of quality and I think they have forgotten about the other players already.
"We are only two points from Chelsea now, Tottenham and Man United are not that far ahead.
"We beat Chelsea away and if you do that you can beat any team. We showed the quality and we just need to keep working in every game and prove ourselves."