While Spurs had to wave off to Madrid a 24-year-old attacking midfielder in the last transfer window, Arsène Wenger coolly brought in the opposite direction a 24-year-old attacking midfielder for less than half the price Real paid for Gareth Bale.

Only an oligarch could consider £42.4 million to be short change, but it’s beginning to look as though the club’s record signing Mesut Ozil really might turn out to be the bargain of the summer. In just a month he’s transformed the mood of the club and the quality of the team’s football.

He’s shone in almost every game and sits atop the Premier League’s assists chart. His performance last night – particularly during a first half in which he scored one Bale-like goal (his first for the club) that Pepe Reina barely saw, and laid on an assist for Olivier Giroud – was exceptional and thoroughly merited the man of the match award.

Jack Wilshere must have broken a few mirrors as a lad. His injury record teeters precariously on the tightrope between “unfortunate” and “catastrophic” and his latest dip in form could not have been timed worse.

The one time in recent years that a central midfielder did not want to lose his place in Arsenal’s first time was September 2013.

The arrivals of Mesut Ozil and Mathieu Flamini in the last transfer window, the renaissance of Aaron Ramsey and the returns to fitness of Mikel Arteta and Tomas Rosicky have coincided with a purple patch of form in the Premier League and Champions League.

Arsenal return to the Champions League on Tuesday aiming to record a tenth successive victory in all competitions.

Memories of the disastrous opening day defeat at home to Aston Villa have been quashed as Arsenal’s record continues.

Napoli arrive in equally high spirits after a fine run of form and an impressive 2-2 draw with Arsenal in the Emirates Cup.

Squad news

After an early season injury crisis, the squad is gradually returning to full strength.

Last week’s Capital One Cup outing at West Brom saw Mikel Arteta and Tomas Vermaelen make their first starts of the season, giving a more robust feel to the squad than in the previous round against Marseille.

With the disappointing news of Theo Walcott’s lengthy lay-off with an abdomen injury keeping him out until next month, comes the emergence of his young replacement who struck the Gunners to victory in yesterday’s game with Swansea.

Serge Gnabry, Arsenal’s 18-year-old German, has started in Arsene Wenger’s last 3 games in all competitions, winning on all three occasions.

Grasping the chance

With the squad roster depleted in wide positions down to the injuries to Alex Oxlade-Chamberlain, Lukas Podolski and now Walcott, Gnabry was given his first chance in the side last week against Stoke after the English midfielder complained of a stomach injury during the warm-up.

On the eve of the 17th anniversary of Arsène Wenger’s appointment as Gunners manager the team travels to Swansea City’s Liberty Stadium for today’s teatime game (kick-off 5.30pm BST), hoping to stretch their away win club record to 12 consecutive victories in all competitions—and maintain their lead at the top of the Premier League.

Arsenal are the only team in Premier League to have scored in each of their five fixtures so far this season; their shot conversion rate—20.4%—and shooting accuracy—61%—also lead the statistics table; and Olivier Giroud has already notched up four Premier League goals, while record signing Mesut Ozil leads the goal assists chart.