Carlo Ancelotti dismisses Gunners' Champions League hopes

Arsenal's hopes of reaching the knockout stages of the Champions League are all but over, according to Carlo Ancelotti.

The Gunners sit bottom of their group, having lost away to Dinamo Zagreb and at home to Olympiakos in their first two matches.

Next up are back-to-back matches against German giants Bayern Munich, who have not lost a competitive game all season and come into Tuesday's tie at the Emirates high on confidence.

Ancelotti, who has won the competition three times as a manager, believes Arsenal's continental campaign is already a write-off, and feels they were guilty of taking their first opponents too lightly.

"Arsenal are practically out because they must now face Bayern twice," the Italian told Goal.com.

" The Gunners underestimated Dinamo Zagreb. Because of Dinamo's CV, Arsenal miscalculated the challenge facing them. Dinamo had not won in the Champions League for many years and this affected Arsenal's concentration. I believe that Dinamo were underestimated not only by the coach but also by the players."

Ancelotti feels Arsene Wenger's side has the attacking talent to trouble the Bayern, but thinks the Bavarian side will prove too strong over the two games.

"I saw impressive pace up front with Alexis Sanchez, Theo Walcott and Mesut Ozil. It's this weapon that can upset Bayern. But I still think it will be very hard for Arsenal."