Wright, who played 213 games in seven years at Arsenal, says the club were stagnating well before the League Cup final drubbing.
The competition that Arsene Wenger has treated virtually as an afterthought this season could end up being his savior.
"He is out for the two games this weekend - Thursday and Sunday certainly".
City cruised to a 3-0 win at Wembley to secure their first title under manager Pep Guardiola and the league leaders have the chance to re-establish their 16-point gap atop the standings when they travel to the Emirates.
"Some of the players just aren't good enough to play for Arsenal".
"I'm finding it hard to take because it's a wonderful football club with a great history and tradition, but at the moment they're in decline in terms of their performance levels and their standards", he added. "So I am still amazed that I still have to answer these types of questions".
Asked if he believes he has improved as a manager in recent years, Wenger continued: "How do you judge that?" Arsenal remains involved in the Europa League but faces a tough match against Italian side AC Milan.
"I'm amazed I always have to answer things that are the same".
"I've turned the whole world down to respect my contracts", he told reporters, as quoted via BBC Football.
Maoists killed in encounter on Telangana-Chhattisgarh border
Haribhushan had been heading the outfit since formation of Telangana State and he was carrying a reward of Rs 30 lakh on his head. He said that the Maoists may have been picked up elsewhere and shot dead in cold blood.
The four-man shortlist of potential replacements is said to compose of Germany national team boss Joachim Low, Celtic manager Brendan Rodgers, Monaco's Leonardo Jardim and Manchester City coach Mikel Arteta.
"There's no accountability, as I've said on a few occasions".
"It's not always possible to win games".
"But we have to focus on the next one and respond together in a united way".
"You cite only the games we've lost but we've won many games as well".
"Whether it's Wigan [Athletic], whether it's Arsenal, it doesn't really matter in the way we prepare for games".
"I think it's down to players".
Former Arsenal striker Thierry Henry, part of Belgium's coaching team, suggested while working for Sky Sports on Sunday that managing the club could happen in the future.