Pep Guardiola believes England's current generation of talent is capable of challenging for major worldwide honours - although the Manchester City boss remembers the Three Lions being in a similar situation not so long ago.
Southgate called for English football to ditch its "island mentality" and spoke of the benefits players could garner from playing overseas - an argument Guardiola inadvertently aided by exiling Joe Hart for season on loan at Torino.
But Guardiola has praised Wenger and said he believes he can turn the club around, adding: "When he goes back to winning, the fans will be happy again I promise you - 100 percent".
"We have had a lot of chances but we were not able (to score)". It is simple as that. You are able to think now we are good, now we are able to beat them. "In fact, we conceded goals and that's it". They want to win every game, so I don't think it is a big problem. There were too many loose touches and misplaced passes to allow the Blues to do what they do best: create.
"We created more chances than Monaco". To overcome that situation, you have to live that situation as many times as possible.
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"Anything can happen. We know what we have to do against Chelsea [on Wednesday]".
And Guardiola told a news conference: "After the first half when we scored a goal, we forgot a little bit how to play". It should not be hard to improve the quality of the squad this summer, given the poor back-up options behind the first team, but there are fewer guarantees that the new-look outfit will have what it takes to control these big occasions. "That is what I can control, and I have to improve as a manger to convince the players to do that".
"When you buy, you buy quality".
So, the FA Cup is realistically the only chance Pep has left to win a trophy in his first campaign at the Etihad, and there's likely to be a number of players on his summer transfer wishlist ahead of the 2017-18 season.