Started with a bang and ended with a whimper - if there was ever one phrase that could perfectly describe Arsenal's transfer activity it is that.
Early moves in the market for Alexis Sanchez, Mathieu Debuchy, David Ospina and Calum Chambers seemed to have resolved all but one of Arsenal's problems last season.
With Sanchez in tow, Arsenal had added pace to a lethargic front-line; in Debuchy they had a Premier League tested replacement for the consistently steady Bacary Sagna; in Ospina, Arsenal had an able deputy ready to keep Wojciech Szczesny on his feet; and in Calum Chambers, they had brought a versatile defender capable of more consistent performances than Thomas Vermaelen.
At this point, there was over a month left in the transfer market. Rumours went into overdrive as the likes of Sami Khedira and Morgan Schneiderlin were linked to the Gunners.
With Arsenal's biggest problem last season being their soft midfield, it appeared to be only a matter of time before that was fixed and Arsenal could be ranked among the frontrunners for the Premier League title alongside Man City and Chelsea.
Despite much negotiating, a month turned to weeks, weeks turned to days and days evaporated without Arsenal making any headway in their search for a defensive midfielder.
The result? Open matches versus Besiktas that should have resulted in Arsenal playing the Europa League, not the Champions League; as well as a fortunate draw against Everton that should have ended in defeat.
In Arsenal's opening games they have yet to keep a clean sheet and have looked susceptible to the counter attack and with the new 4-`-4-1 formation they have played recently, they are crying out for a top class defensive midfielder more now than ever.
As if that were bad enough, Olivier Giroud's injury forced Arsenal to go into the transfer window and gave them the opportunity to sign the likes of Radamel Falcao - they brought Danny Welbeck instead.
Now although it is believed Welbeck has the potential to be a good signing, he does not transform the Arsenal line-up in anyway to mask their deficiencies like say, Luis Suarez did with Liverpool's defensive issues.
In short, Arsenal have spent quite a lot of money to have ended up in the same exact place they were last season - an outside bet for the title.
In fact, given the way Manchester United have spent, it is possible that they could displace Arsenal in the top four - unfathomable just a month ago.