The Gunners kick off the new season at Craven Cottage against London rivals Fulham on their return to the top flight.
Despite making some good additions this summer, the Cottagers are heavy underdogs against Mikel Arteta’s side.
And former Liverpool and England striker Owen admits that while Scott Parker has done a stellar job with the club, it’s the side from north London who are more likely to walk away victorious on Saturday afternoon.
“Scott Parker has done a superb job in getting Fulham back into the Premier League, but of course, the real challenge is keeping them up and that will undoubtedly be the number one target for the Cottagers this season,” Owen told BetVictor.
“Mikel Arteta has had a great start to his managerial career at Arsenal with a couple of trophies already in the bag courtesy of their FA Cup win just a few weeks ago and followed up with win over Liverpool in the Community Shield.
“I think they will have lofty ambitions for the upcoming season and I wouldn’t be at all surprised to see them pushing hard for a place in the top four come the end of the season.
“I fancy a comfortable 3-1 win for the Gunners in this one.”
Parker admitted that he knew the quality Arsenal possessed, but insisted that he knew the threat they posed and how to counteract their blows.
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“They're a quality team,” he said. “We'll prepare to get a result and hurt them where we feel we can punish them.
“We can understand their threat, where they can hurt us. We understand where their weaknesses are - not big ones but ones to try and exploit where we can.”