Aaron Ramsey is set to leave the club, either for a cut-price fee this month or on a free in the summer.
And Gunners legend Martin Keown believes that is down to previous big spending.
“If Arsenal are admitting they are only able to sign loan players, then it is staggering that they are happy to let one of their prize assets leave for nothing,” he told the Daily Mail.
“Juventus looks the most likely destination for Aaron Ramsey when his contract runs out at the end of the season. The Italian champions must be rubbing their hands together.
“All day on Thursday, sports channels were showing Ramsey’s highlights reel. This is a player who has scored some magnificent goals.