"So if they rectify it, they are still not out of it completely. Also, in the Champions League, they can still qualify. So their season is not dead but if they continue like that, it will be quickly," Wenger said on beIN Sports.
Asensio has featured in all three games but is yet to get off the mark at club level at the start of the season, which he will hope to rectify this coming weekend.
It remains to be seen if the officials will face further disciplinary action, but as the Wolves boss said, the erred team feel aggrieved all the same, as there are no measures to rectify results influenced by bad referee calls.
Arsenal's initial league loss in this season has highlighted the deficiencies in Arteta's transfer decisions, particularly concerning the acquisition of Havertz.
According to him, both players have not performed up to expectations this season and so should be benched. Ozil and Mkhitaryan have had lacklustre seasons so far and their displays have drawn the anger of several Arsenal fans.
Carragher also urged Lampard to sign a new defender this summer transfer window in a bid to challenge Liverpool and Manchester City for next season's Premier League title.
And, instead of rectify the error, as we were all promised would happen when the technology was brought in, the horrendous mistake was not corrected. Why you ask? An embarrassing miscommunication.