Not really-
Homegrown players at Arsenal
Jack Wilshere (Arsenal youth product)
Aaron Ramsey (developed at Cardiff City and Arsenal)
Theo Walcott (signed an Arsenal contract when he turned 17)
Alex Oxlade-Chamberlain (developed at Southampton and Arsenal)
Kieran Gibbs (Arsenal youth product)
Wojciech Szczesny (Arsenal youth product)
Danny Welbeck (developed at Manchester United but still counts as a homegrown player)
Hector Bellerin (Arsenal youth product signed in 2011)
Francis Coquelin (Arsenal youth product)
Damian Martinez (Arsenal youth product)
This isn't counting any youngsters promoted next season such as Toral, Zelalem etc. too