Now that the dust has finally settled on a thrilling festive period packed with plenty of goals and drama, Arsenal find themselves sitting prettily at the top of the Premier League pile.

Despite a crushing 4-0 loss to Southampton, the Gunners have managed to get even the doubters talking up their title credentials over Christmas as their comprehensive 2-1 victory over rivals Manchester City proved that they have the ability to win the important matches.

But whilst Arsene Wenger might already be thinking about lifting a fourth Premier League crown in May there is still plenty of work left to be done in the second half of the season before that dream becomes a reality.

The New Year means one thing for all football fans; the opinion-splitting January transfer market. Whether you love it or loathe it, the winter window offers managers the chance to salvage their season from the murky depths or to catapult it to new heights.

In Arsenal’s case, fans will be praying Arsene Wenger dips into his pockets to splash the cash and understandably so. The Gunners injury-list seems to never end and their midfield has looked lacklustre at times recently due to the absences of Alexis Sanchez, Santi Cazorla and Francis Coquelin.

Without Coquelin’s presence the Gunners backline has been devoid of a protective shield as Mikel Arteta and Mathieu Flamini are simply no longer up to scratch in the anchor role.

West Bromwich Albion v Arsenal - Premier League

Sporting Lisbon’s promising defensive midfielder William Carvalho has been linked with a move to North London for some time now as he is seen by critics as the ideal candidate to shore up the lightweight Gunners in the middle of the park and acquiring his services could be a shrewd move by Wenger if he is serious about winning the title.

Borussia Dortmund’s flying forward Pierre-Emerick Aubameyang has also been linked with a switch to the Emirates Stadium and with a fearsome goalscoring record of 24 goals in 23 appearances so far this season he would be a considerable upgrade on their current attacking options.

Arsenal’s other two fixtures over Christmas were against Bournemouth and Newcastle and they managed to win both games despite not playing their best in either.The ability to grind out results when you are playing badly is seen by many people to be a key component of any potential title-winning side.

Arsenal v Newcastle United - Premier League

The best example of this is Chelsea last season because at the beginning of the campaign they were receiving plaudits from all over for their expansive, exciting brand of football. However, after January they tightened up and 8 of their final 12 victories were won by a one-goal margin.

Arsenal fans will be hoping that the team’s French boss heeds that warning and begins to understand when to abandon his free-flowing philosophy in order to defend a slender lead.

Finally, the Gunners need to continue to play with the swagger and panache that has already carried them far this season. After a couple of years of being criticised for not making a big enough impact at the club, Mesut Ozil has been truly sensational this year and if he keeps up his current form then his side will definitely still be in with a shout heading towards the final few games of the campaign.

With half of the season still left to play, anything could happen at this stage but with Manchester City looking out of sorts when Captain Vincent Kompany isn’t in the side, Manchester United struggling for goals and Leicester slowly beginning to lose momentum now really is the time for the Gunners to kick on and charge for glory.

Yet, if this campaign has taught us anything then it’s to expect plenty more twists and turns as the action unfolds just don’t mention to Arsenal fans the possibility of Tottenham winning the title.