The Gunners have made their worst start to a league campaign since 1982 and are already 13 points behind early pacesetters Chelsea.
Arsenal made an excellent start last season, but faded towards the end, barely hanging on to fourth position.
Despite their struggles, the Frenchman penned a new deal back in May after winning the FA Cup in a thrilling final against Hull at Wembley.
Wenger feels Arsenal are on the verge of something special and when quizzed about if he though he could add another title to his collection before his new deal expires, he said: “Of course.
“We have not started very well, but we never had the squad together since the start of the season. It was a post World Cup start typically. I think we have what is requested to do it.
“We have to fight like mad now to come back as much as possible to show that we can compete in every single game.”
Despite Chelsea’s unbeaten start to the season, Wenger insists that the fight for the title is far from over.
“We have a big competition in England, we have to accept that,” he added. “The Premier League level goes always up and this season Chelsea have started very well.
“They will be difficult to catch, but everybody will fight to come back on them. After 13 or 14 games, you cannot say that the title race is over.
“You cannot say that is not catchable.”