With a five-point lead over Manchester Metropolis, the Gunners need to bolster their squad when the window opens with Mykhaylo Mudryk one main goal.
“Arsenal should learn from the mistakes their North London rivals made when they were in a similar position under Mauricio Pochettino and Harry Redknapp,” he wrote within the Telegraph.
“Both their Tottenham sides had great chances to win the league at this point of the season. In January 2012 and 2016, Spurs were genuine contenders, one quality signing away from continuing their momentum.
“Redknapp’s side fell away to finish fourth well behind Manchester City, but Pochettino would have pipped Leicester to the Premier League with more boardroom backing. Daniel Levy favoured the long-term over the here and now and Spurs consoled themselves with the idea that, even though they lost out to Claudio Ranieri, other title bids would follow.
“The reality is – as a club – they blew their best chance in decades of being champions.”
Carragher urged Arsenal to regulate their long-term plan for constructing the squad with daring strikes subsequent month.
He continued: “Although their long-term planning has taken them this far, Arsenal will not want to look back with similar feelings of ‘if only’ in six months’ time.
“Not everyone will agree, but English football needs Arsenal to maintain their challenge to Manchester City in the same way it was important Liverpool made the Premier League competitive in three of the last four years.”