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Theo Walcott insists Arsenal "were happy to finish fourth" during his time at the Emirates.
The forward spent 12 years at the Gunners playing under Arsene Wenger, but silverware was at a premium.
Walcott only won three FA Cups in over a decade having signed for the club in 2006.
Wenger, having been a huge success in his first 10 years as manager, presided over a noticeable decline before leaving in 2018.
It saw Arsenal fade from title challengers to top four hopefuls with the club finishing sixth in his final year.
On several occasions prior to that it looked as if they would miss out on Champions League football before they rallied late on.
Arsene Wenger struggled to mount a title charge in his final years
(Image: Getty Images)
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Walcott takes issue with the differing attitudes between the club and the players, who themselves were hungry for success.
He told talkSPORT : "We were too nice… then we won a few FA Cups and got in the Champions League a lot.
"At times, that felt like it was good enough for Arsenal. It felt like a bit of a medal.
"As players we wanted to win things, but the club were happy to finish fourth."
Walcott watched on as Manchester United, Chelsea and Manchester City all celebrated title success.
Theo Walcott bemoaned the club's ambition
But in the 2015/16 season a series of events meant the aforementioned trio were not in the hunt.
Leicester ended up upsetting the odds with Arsenal finishing ten points behind them in second.
The Gunners were the only side to do the double over the Foxes that year and Walcott admits it was a missed opportunity.
He added: "When Leicester won the league and we were the only team to beat them twice, that was the year we should've done something.
"That was the year Arsenal should've won it."
During his time in north London Walcott played 397 times and scored 108 goals.