The former Gunners striker was impressed by the summer transfer business at the Emirates Stadium and is supporting a Spanish coach that will thrive in north London
The Arsenal is a "tremendously exciting" prospect for 2019-2020, says Charlie Nicholas, with Unai Emery now facing a challenge she can control after struggling with "explosive stars" in Paris Saint-Germain.
The Gunners Spanish coach is at his second campaign at the helm in North London.
Last season he was not able to deliver one of the four best finishes or main silverware, but he offered signs of encouragement and saw part of a productive summer transfer window.
The Arsenal, with the likes of Nicolas Pepe and David Luiz on board, is considered a much stronger proposal than last season, with the perfect man at the helm.
Emery was successful in previous posts, but was freed from the big personalities who were so hard to control during the role he occupied immediately before arriving at the Emirates Stadium.
Gunners' former striker Nicholas said Sky Sports: "I am extremely pleased with the start of the Arsenal season and the way the market has gone.
"We have to wait for a couple of players to get in shape, but I really believe that the Arsenal will be a tremendously exciting team that will go on this year.
"Pierre-Emerick Aubameyang is up and running, while Alexandre Lacazette and Nicolas Pepe will join this one.
"I think what Unai Emery has after a year is very promising.
"People can discuss whether you spend £ 300 million or £ 1 million, whatever, but you can improve the team with coaching and create the right union.
"He identified that they are weak in the back and that it will take time, so he will try to improve it. To counteract the fact that he needs a plan B, that is to score as many goals as possible.
"He was the manager of PSG with some explosive stars. Emery couldn't control it and neither could the players, and PSG could win titles but they don't threaten elsewhere.
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"Is the project working there? It is not. He has an Arsenal project he trusts and believes he can go somewhere. "
Arsenal has opened the new season with a 1-0 win away to Newcastle and will return to home ground this weekend when it hosts Burnley.
After their last fight in the Emirates, the Gunners will concentrate on a great trip to Anfield to face the European Champion Liverpool on August 24th.