That squad is not far off from being an elite team imo. What it really lacks is a world class CB and CM, and a proper deputy RB because fullbacks are so imperative to modern football.GK-Leno, Martinez, Macey
RB-Bellerin, AMN, Chambers
RCB-Sokrates, Holding, Chambers, Mavro
LCB- Luiz, Holding, Chambers, Nacho
LB- Tierney, Nacho, Kola
CDM- Torreira, Xhaka, Guendouzi
CM- Ceballos, Willock, ESR, Guendouzi
AM- Özil, Ceballos, ESR
RW- Pepe, Nelson, Saka
LW- Auba, Nelson, Martinelli
ST- Auba, Laca, Pepe, Martinelli
All kinds of options. I'm not too bothered about what formations Emery plays as long as we play sexy.
And looking at that squad, RB, GK, CB, CDM and a CM(if Ceballos doesn't extend) are our most apparent weakness.
It's easily doable for this squad to transform next summer into a serious rival to Liverpool/City especially if we can make it back into the CL to have more financial power to secure 2 world class signings.