Arsenal have endured a mixed season this term after failing to replicate their form of early season.
The Frenchman’s future with the Gunners is in serious doubt as he is yet to sign an extension to his contract that expires at the end of this season, and some reports have suggested the club are already looking for replacements.
Part of that has also been down to Arsenal’s poor recent form, with defeats to Chelsea and Bayern Munich looking like all but ending their hopes of winning either the Premier League or the Champions League.
However, Keown feels his old boss could still salvage enough from this season to keep himself at the Emirates beyond 2016/17.
‘The board and Arsene Wenger now need to decide whether he is the right man to go on. It’s as simple as that. Is it right for the club? Is it right for the owners?’ Keown told the Daily Mail.
‘I’ve got a sneaking suspicion that if they qualify for the Champions League and do alright in the FA Cup, it’ll be status quo for next season. Why wouldn’t it be?’
Still, Keown called on his old club to work out how to move back up to the top level and start winning big trophies like the Premier League title again.
He added: ‘What really needs to be fixed is figuring out what changes need to be made to get Arsenal back to boiling point. What is the missing ingredient?’