Stewart Downing believes competition for places is the reason for Liverpool's recent upturn in form.
The Anfield board sanctioned expensive January moves for Daniel Sturridge and Philippe Coutinho, both of whom scored on their full debuts.
And Downing reckons the pair's arrival has created an edge in the squad responsible for 12 goals in three straight wins - six of them for Luis Suarez.
He told the club website: "It's all come together. Even at the start of the season, we were creating a lot of chances but maybe didn't have that killer instinct.
"Now, every chance Suarez gets he seems to be finishing. Coutinho has come in and added a bit, as has the arrival of Daniel Sturridge.
"The competition for places also helps. It's healthy for the team and the club.
"If we can keep the core of the squad together and the manager can add a few more, which is highly likely he will do, I think we've got a great chance next season.
"It was obviously going to take time to adjust under Brendan Rodgers. We're all enjoying playing in the way we do - the passing, moving and scoring goals - but I think we've also added steel to our team.
"We're hard to play against and not conceding that many goals, so I think the all-round picture at the moment is looking very good."
Liverpool go into the final 10 games of the season with 10 points to make up on fourth-placed Chelsea, but Downing has not given up on Champions league qualification.
He said: "The target is to try and win as many games as possible - we have to. If we want to challenge for the top four, we have to win nearly every game.
"We're doing quite well at the moment and we've still got a chance. It's going to be difficult - but we still have a chance."
The runaway Bundesliga leaders already have one foot in the quarter-finals of the Champions League after delivering a European masterclass with a 3-1 win in London a fortnight ago.
Wenger, though, challenged his beleaguered squad - who look set for another campaign without a trophy and face a battle to get back into the top four of the Barclays Premier League following last weekend's defeat at Tottenham - to rise to the occasion at the Allianz Arena on Wednesday night.
"There have been a few wins by Arsenal in the Champions League that we are all very proud of. We just have to convince ourselves that we can do it in Munich as well," Wenger told Arsenal Player.
"Yes, the chance is small, but the chance makes the impossible possible.
"That would be a great credit for our team if we do it. We have to try to achieve it."
Bayern took full advantage of some familiar poor Arsenal defending as they swept into a 2-0 half-time lead at the Emirates Stadium.
The Gunners, however, can draw strength from the spell they had just after Lukas Podolski's goal, when Olivier Giroud missed a golden chance to level the tie at 2-2.
Mario Mandzukic's scrambled effort gave the Germans a third away goal which should prove enough to protect next week, but the Croatian has nevertheless warned against any complacency from the hosts should Arsenal come out all guns blazing.
Wenger fully expects his men to do just that. "Our mentality is to go there, not resigned, but ambitious and provoke things, not go there and think 'we will not qualify anyway'. No, not at all," he said.
"We have to go there and give ourselves a chance to qualify with everybody believing we can do it. We have to behave on the football pitch like a team who wants to do it. That will be the task in the preparation.
"How will we go into the game tactically? I haven't decided yet. It will be with an ambitious plan, that is for sure."
Wenger feels Munich's superiority complex could prove their undoing.
"We have to try to put Bayern on the back foot, subconsciously anyway, they think they are through and we have to subconsciously think that we can do it.
"The only way to do it is to have a very positive attitude from the start.
Ivory Coast forward Gervinho could come back into contention if Wenger opts for all-out attack formation.
"This is a completely new match. We are only at half-time in this tie, and we must go there with belief," Gervinho said.
"We have to believe in ourselves and our talents.
"I know it will be difficult, but I still believe in us.
"We are going through a tough period at the moment, but there is still a really good spirit with this group of players.
"Just because we lost the first match at Emirates Stadium, we will not give up."
Arsenal have a fitness concerns over right-back Bacary Sagna, who has missed the last two matches with a knee problem and Lukas Podolski.
The striker tweeted today: "Not 100 per cent recovered yet, nothing serious but a small injury, very annoying."
