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The Chilean international completed his switch to the Emirates after leaving Barcelona earlier in the ongoing transfer window. The former Liverpool and Manchester United striker says he does not take Sanchez highly.
Owen believes both his former clubs will finish ahead of Arsenal next season, while Arsene Wenger will see his side miss out on top four next season.
“I have been really impressed with Arsenal’s signing of Sanchez. They have been missing a bit of quality but [they’ll miss out],” Owen told Talksport.
“The signing of Sanchez has made everyone sit up and take note. I really do rate him, he’s a top player and it’s a big step in the right direction.”
“But, in no particular order, my top four for next season would be Chelsea, Man City, Man United and Liverpool.”
“Arsenal haven’t had any real stand out players in the last few years, like Thierry Henry. They have just lagged a step behind,” he added.
United finished seventh in the league last season. However, Owen has backed the 20-time English champions to finish in top four next season. The Red Devils will see Louis van Gaal officially take over as their manager on Wednesday.
Meanwhile, Liverpool have lost Luis Suarez to Barcelona this summer. Brendan Rodgers is continuously working towards building a squad to challenge for the league title, while also competing for the Champions League.
Next season will be really exciting as Manchester City, Chelsea, United, Liverpool and Arsenal will fight for a place in top four. In addition to this, these clubs could face competition from Tottenham Hotspur and Everton.