Manchester City and Real Madrid always give a lot of importance to their domestic league and Champions League but we don't see that in case of Arsenal. Arsenal may take the English Premier League tournament very seriously but they are not too interested in the Champions League tournament. If they had given more importance to the Champions League tournament, their performances in the Champions League would not have been so bad on a regular basis, while in the English Premier League they are rightly second in the points table. Real Madrid and Manchester City are as much expected in the Champions League as we are in Arsenal, so Arsenal should prepare for the Champions League and prepare accordingly. 

Real Madrid will certainly be ahead of the rest of the teams next season with the way the teams have been so far and Manchester City could do well there as well but Arsenal have yet to change their squad so it wouldn't be a surprise if their performance is similar to last season.