Gary Neville says Arsenal should allow Mesut Ozil and Alexis Sanchez to leave if they don't accept contract extensions and feels the club have had far better players over the years.
The duo are about to enter the last 18 months of their current deals but are yet to agree new contracts which has led to huge speculation over their futures.
Alexis has reportedly been offered a huge deal to move to China and Neville says the club would be able to cope without the duo.
“You talk about Sanchez and Ozil as though Arsenal is going to end if they leave,” he told Sky Sports.
“Arsenal have had far better players than them over the last 20 years. I wouldn't worry too much about them holding the club to ransom.
“Make them an offer and if they don't stay let them go. Arsenal will still be here in a 100 years' time.”
Neville also praised Wenger for the way he has managed the club, on all levels, in recent years.
“I think Arsene Wenger is very reluctant to pay what would be the 'scandalous' levels,” he added.
“We're talking about £400,000-per-week being offered to Sanchez from China, and he's obviously waving that in front of Arsenal and saying 'get close to it' or something along those lines.
“Wenger has always been very diligent and actually he's done a brilliant job over the last 15-20 years in terms of managing the budgets, keeping competitive, staying in the Champions League.
“The issue around £400,000 or £300,000-per-week, you've got to allow them to manage the club around that and Wenger has always been pretty good around making those calls.
“If the players are ransoming them then Arsenal shouldn't keep them anyway.”
Arsenal will be fourth in the Premier League at Christmas having been leapfrogged by Manchester City after the 2-1 defeat.
They're now 10 points behind runaway leaders Chelsea, who have been in rampant form in the league, stringing together 11 consecutive league wins since their defeat to Arsenal in September.