Arteta has done a brilliant job. I know there are some very toxic Arsenal fans who give him stick even now, but he's doing as well as you could have hoped. Massive strides these past 2 seasons.
The nucleus/spine of your team is young, which means you have room to grow. If it's not this season, there's always next season.
Gabriel (26), Saliba (23), Rice (25), Ødegaard (25), Saka (22) and Havertz (24).
City have some ageing players like Walker and KDB. Bernardo might eventually leave for Barcelona. Although City are generally good at replacing key players. They too have some young players like Gvardiol, Foden, Doku, Bobb and Haaland who City will expect to lead the team for years. Rodri is still in his prime too.
Arsenal have replaced Liverpool as City's main challengers.