Thierry Henry claims he has no regrets over remaining at Arsenal and feels The Gunners have the talent in their ranks to challenge for honours.
The France star signed a new long-term deal with Arsenal this summer, after agonising over his future in North London for the best part of a year.
Europe's biggest hitters were linked with Henry, but he chose to remain in London and the striker is happy with the decision.
"I said if I did wait that long leaving was maybe on my mind but you have to understand and be in my position, when you go out there it was so difficult to leave. I just love the club, as simple as that," Henry told Reuters.
Chelsea have held sway in The Premiership for the last two seasons and Henry has great respect for The Blues, but he is looking for Arsenal to mount a stiff challenge this term.
"We have to do what we can to catch them," he said.
"People just link Chelsea with money, but they have won the league back to back because they are a good team.
"They play well as a team, they fight for each other."
Arsenal found their form towards the end of the last campaign and Henry is looking for The Gunners to take that momentum into the new campaign.
"Some players left obviously but we have a lot of young talent," said Henry. "Trying to do the same run in the Champions League won't be easy but we have the anger to go back there again and the desire.
"Since that (Champions League quarter final) win at Madrid you saw another Arsenal team, the way we finished the season and the way we had that run in the Champions League was amazing so I think we can carry on like that."
Arsene Wenger has a number of promising youngsters pressing for places and Swiss defender Johan Djourou is eager to prove his quality.
With Philippe Senderos injured and Sol Campbell having moved on, there is a spot alongside Kolo Toure up for grabs and Djourou is ready to take on the role.
"I really want to get as many games as I can - but now I will try to impress the Arsenal manager so he keeps me playing," stated the 19-year-old.
"I am a professional, so I want to play every game. [But] it is the manager's decision.
"I will be happy if I am on the bench. I will accept it because I am young and I know I have got time."