The Gunners are closing in on the nine year anniversary of when they last won a trophy back in May 2005 and the current crop are feeling the pressure.
Arsenal travel to Tottenham today in a huge North London derby, but it seems both clubs will have to settle for fourth place at best again this season.
The Ox is set for a big few months with the World Cup taking centre stage this summer, however going into that without a trophy is going to be another blow for the Gunners and their fans.
“It definitely affects the players,” Oxlade-Chamberlain said.
“When you talk to people – like Theo Walcott, who has been here for eight years, and the other boys who have been here a long time – they have definitely seen opportunities which they look back on and think, ‘We could have done better as a club to get results and win trophies.’
“You can’t hide from the fact that all we want to do is win things and being at a club like Arsenal means we should do exactly that. So yes, the lack of silverware is definitely a talking point.”