The former Spurs manager admits he can't see the Gunners challenging for the top spot this season after the north Londoners crashed to a 2-1 defeat at Old Trafford on Saturday
The Gunners, who currently sit sixth in the table, produced an underwhelming display at Old Trafford on Saturday, losing the game 2-1 and leaving themselves 9 points behind league-leaders Manchester United.
And Redknapp believes that the recent poor form of Arsene Wenger's men can be attributed to the number of quality players that have left the Emirates in recent seasons.
"United are going to be right there again, but you fear for poor old Arsene Wenger because he has lost so many top players," the 65-year-old wrote in his column for The Sun.
"You lose the likes of Cesc Fabregas, Robin van Persie and Samir Nasri and it’s going to hurt like hell.
|ANGRY WENGER BEMOANS LOSS
|33/1||Arsenal are 33/1 with William Hill to win the Premier League
"They’re nine points behind United already, and the gap is going to get a lot bigger before the season is over."
With Arsenal also stuttering in the Champions League recently, Redknapp admits that the Capital One Cup is probably their only chance of winning silverware this season.
"I reckon they’re going to struggle to finish top four with the squad they have got now." he added.
"They’ve got no cutting edge up front and we’ve seen over this last couple of weeks that Arsenal’s squad simply isn’t deep enough to give them a chance of challenging for the top honours.
"I can see them winning the League Cup, and, if I was Arsene, I’d actually make that a priority because at least it would take the monkey off his back about not winning any silverware.
"I know that sounds a bit extreme, but I genuinely believe that is where Arsenal find themselves at the moment."