The Gunners endured a turbulent start to the campaign, leading to Unai Emery being sacked and replaced by Mikel Arteta, and are now looking to save their campaign.
And Carragher believes the next few months need to be used to implement Arteta’s style of play – but insisted they need better players to push for the Champions League spots.
“I think they’ve actually deserved more in certain games, I think the Chelsea one is the standout, it would have really hurt them to lose that game,” he told Sky Sports.
“At the moment Arsenal, and I’ve been in this position plenty of times with Liverpool, you get to the middle of January and into February and you don’t feel like you’ve got much to play for.
“They haven’t, they’re not going to finish in the top-four, they’re not obviously going down, so they’ve got the cup competitions and the real big thing of getting back into the Champions League and challenging for the Premier League.
“I don’t think performances are more important than results but where Arsenal are at now, they want to see something that can change. He’s put what he wants in there, they are more aggressive, but they need better players.”
Arsenal bolstered their defensive ranks in January by signing Pablo Mari and Cedric Soares on loan from Flamengo and Southampton respectively.