Arsenal's Champions League ambitions are over for another season, despite a gutsy away win at Bayern Munich.

Olivier Giroud converted Theo Walcott's cross in the third minute as the Gunners quickly reduced the 3-1 deficit from the first leg.

Arsenal keeper Lukasz Fabianski denied Bayern's Arjen Robben after the break.

Arsene Wenger has 'many regrets' after Arsenal Champions League exit

Laurent Koscielny's 86th-minute header left Arsene Wenger's team one goal from a dramatic aggregate win, but their German opponents held on.

The Gunners deserve credit for a spirited performance, yet the damage was done three weeks earlier when they were ruthlessly dismantled by the Germans.

On a snowy evening in Munich, Arsene Wenger's side produced one of their most impressive European performances for some time.

But that will be of little consolation for Frenchman Wenger as the inquests begin into an eighth successive season without silverware.

Wenger's trophy drought

  • 2012-13: League - 5th (current); Champions League - last 16; FA Cup - 5th round; League Cup - 5th round
  • 2011-12: League - 3rd; Champions League - last 16; FA Cup - 5th round; League Cup - 5th round
  • 2010-11: League - 4th; Champions League - last 16; FA Cup - quarter-finalists; League Cup - finalists
  • 2009-10: League - 3rd: Champions League - quarter-finalists; FA Cup - 4th round; League Cup - 5th round
  • 2008-09: League - 4th; Champions League - semi-finalists; FA Cup - semi-finalists; League Cup - fifth round
  • 2007-08: League - 3rd; Champions League - quarter-finalists; FA Cup - 5th round; League Cup - semi-finalists
  • 2006-07: League - 4th; Champions League - last 16; FA Cup - 5th round; League Cup - runners-up
  • 2005-06: League - 4th; Champions League - runners-up; FA Cup - 4th round; League Cup - semi-finalists
  • 2004-05: League - 2nd; Champions League - last 16; FA Cup - winners ; League Cup - 5th round

A fight for a place in the Premier League's top four can be Arsenal's only realistic target for the rest of the campaign after a fine effort which left fans wondering why they are unable to produce this level of performance on a more consistent basis.

With England manager Roy Hodgson looking on, Walcott showed his class to tee-up Giroud to give Wenger's side the start their manager had demanded.

Giroud's only previous Champions League goal for the Gunners came in Germany in their 2-2 draw against Schalke in November.

And the French forward stunned runaway Bundesliga leaders Bayern after good work by Santi Cazorla allowed Walcott to deliver a low third-minute cross for Giroud to score from close range.

Wenger's celebrations were subdued, the Arsenal manager aware his side still had a mammoth task ahead of them if they were to turn the tie upside down.

There were also concerns about the Gunners defensive record after one clean sheet in seven previous games against continental opposition.

Yet goalkeeper Fabianski, starting his first senior game for 13 months, did well to keep out former Chelsea winger Robben in the 68th minute.

With his side still requiring two goals and time running out, Wenger surprisingly withdrew Walcott and sent on Gervinho as part of a double substitution which also saw Aaron Ramsey come off and Alex Oxlade-Chamberlain sent on.

"From the boardroom down Arsenal have to decide what they want to do. Yes, the club makes money, but the shareholders and the guys who run the club have to make the decision. Maybe they should have one year when they spend millions. Why wouldn't you? It's crossroads time."

Gervinho went agonisingly close to doubling his side's lead after a clever shot on the turn before Koscielny headed home from a corner to give the Gunners hope.

Arsenal, for all their endeavour, ran out of time.

Bayern also ended Arsenal's Champions League dream in March 2005.

At least the Gunners went on to lift the FA Cup two months later that season after overcoming Manchester United on penalties.

This season, however, just like the previous seven, the trophy cabinet is destined to remain bare.

Lineup, Bookings (9) & Substitutions (4)

Bayern Munich

  • 01 Neuer
  • 04 Dante
  • 05 Van Buyten
  • 21 Lahm Booked
  • 08 Martinez Booked
  • 25 Mueller
  • 27 Alaba
  • 30 Dias
  • 39 Kroos (Tymoschuk - 81' )
  • 09 Mandzukic (Gomez - 73' Booked )
  • 10 Robben

Substitutes

  • 22 Tom Starke
  • 13 Rafinha
  • 26 Contento
  • 11 Shaqiri
  • 44 Tymoschuk
  • 14 Pizarro
  • 33 Gomez

Arsenal

  • 21 Fabianski
  • 04 Mertesacker Booked
  • 06 Koscielny Booked
  • 25 Jenkinson
  • 28 Gibbs Booked
  • 07 Rosicky Booked
  • 08 Arteta
  • 14 Walcott (Oxlade-Chamberlain - 72' )
  • 16 Ramsey (Gervinho - 72' )
  • 19 Cazorla Booked
  • 12 Giroud Booked

Substitutes

  • 24 Mannone
  • 05 Vermaelen
  • 02 Diaby
  • 15 Oxlade-Chamberlain
  • 22 Coquelin
  • 23 Arshavin
  • 27 Gervinho
Ref: Kralovec
Att: 66,000

Match Stats

Shots

21 5

On target

9 3

Corners

6 1

Fouls

13 22

Live Text Commentary

90:00 +3:36 Full time

Full Time The final whistle is blown by the referee.

90:00 +1:49

Free kick awarded for an unfair challenge on Arjen Robben by Mikel Arteta. Arjen Robben restarts play with the free kick.

90:00 +1:27

Free kick awarded for a foul by Mikel Arteta on Philip Lahm. Philip Lahm takes the free kick.

90:00 +0:47

Shot by Arjen Robben from 12 yards. Blocked by Carl Jenkinson.

90:00 +0:26

Free kick awarded for an unfair challenge on Mikel Arteta by Thomas Muller. Kieran Gibbs takes the free kick.

89:49

Mikel Arteta concedes a free kick for a foul on Thomas Muller. Daniel Van Buyten takes the direct free kick.

88:37

Free kick crossed by Mikel Arteta.

88:37 Booking

Booking Mario Gomez booked for unsporting behaviour.

88:32

Unfair challenge on Tomas Rosicky by Mario Gomez results in a free kick.

88:09

Foul by Thomas Muller on Mikel Arteta, free kick awarded. Lukasz Fabianski takes the free kick.

87:36

Mario Gomez fouled by Laurent Koscielny, the ref awards a free kick. Daniel Van Buyten restarts play with the free kick.

85:33 Booking

Booking Laurent Koscielny receives a yellow card for unsporting behaviour.

85:20

Santi Cazorla provided the assist for the goal.

85:20 Goal scored

Goal! - Laurent Koscielny - Bay Munich 0 - 2 Arsenal Laurent Koscielny finds the net with a headed goal from close range. Bayern Munich 0 (3)-(3) 2 Arsenal.

85:16

Corner from the right by-line taken by Santi Cazorla,

84:33

Alex Oxlade-Chamberlain delivers the ball, David Alaba gets a block in.

83:45

Thomas Muller concedes a free kick for a foul on Tomas Rosicky. Kieran Gibbs takes the direct free kick.

82:55

Daniel Van Buyten takes the free kick.

82:55 Booking

Booking Santi Cazorla goes into the referee's book for unsporting behaviour.

82:52

Daniel Van Buyten fouled by Santi Cazorla, the ref awards a free kick.

82:09

Lukasz Fabianski takes the free kick.

82:09 Booking

Booking Aguinaga Javi Martinez is cautioned.

81:43

Free kick awarded for an unfair challenge on Tomas Rosicky by Aguinaga Javi Martinez.

81:24

Thomas Muller takes the chance to get an effort at goal. Brilliant save by Lukasz Fabianski.

80:31

David Alaba produces a cross, clearance made by Kieran Gibbs.

79:32

Luiz Gustavo takes the free kick.

79:32 Substitution

Substitution (Bayern Munich) makes a substitution, with Anatoliy Tymoschuk coming on for Toni Kroos.

79:32 Booking

Booking Per Mertesacker receives a yellow card for unsporting behaviour.

79:24

Arjen Robben fouled by Per Mertesacker, the ref awards a free kick.

78:06

Close range effort by Yao Gervinho misses to the right of the goal.

75:56

The ball is swung over by Carl Jenkinson.

75:33

Centre by Toni Kroos.

74:43

Handball by Alex Oxlade-Chamberlain. David Alaba takes the indirect free kick.

73:52

Arjen Robben takes a shot from just inside the penalty box which clears the bar.

72:59

David Alaba restarts play with the free kick.

72:59 Booking

Booking Olivier Giroud receives a caution.

72:56

Olivier Giroud handles the ball and concedes a free kick.

71:48

Daniel Van Buyten takes the free kick.

71:48 Substitution

Substitution (Bayern Munich) makes a substitution, with Mario Gomez coming on for Mario Mandzukic.

71:48

Olivier Giroud challenges Luiz Gustavo unfairly and gives away a free kick.

71:19 Substitution

Substitution Alex Oxlade-Chamberlain joins the action as a substitute, replacing Theo Walcott.

71:01 Substitution

Substitution Aaron Ramsey goes off and Yao Gervinho comes on.

70:43

Effort from outside the area by Toni Kroos goes wide right of the goal.

68:36

Arjen Robben has an effort at goal from just outside the box which goes wide of the left-hand post.

68:24

Corner taken by Toni Kroos, clearance by Carl Jenkinson.

67:57

Aguinaga Javi Martinez takes a shot. Kieran Gibbs gets a block in.

67:45

Outswinging corner taken right-footed by Toni Kroos played to the near post, clearance by Aaron Ramsey.

67:05

Arjen Robben takes a shot. Lukasz Fabianski makes a save.

66:07

Arjen Robben delivers the ball, clearance by Per Mertesacker.

64:58

Handball decision goes against Aaron Ramsey. Free kick crossed by Toni Kroos, Carl Jenkinson makes a clearance.

64:20

Free kick awarded for a foul by Olivier Giroud on Aguinaga Javi Martinez. Direct free kick taken by Bonfim Dante.

63:51

Toni Kroos produces a right-footed shot from just outside the box that goes wide left of the target.

63:17

Shot from outside the area by Luiz Gustavo misses to the left of the target.

62:43

Free kick awarded for a foul by Carl Jenkinson on Arjen Robben. David Alaba takes the free kick.

61:56

Direct free kick taken by David Alaba.

61:56 Booking

Booking Tomas Rosicky goes into the referee's book for unsporting behaviour.

61:47

Free kick awarded for an unfair challenge on Arjen Robben by Tomas Rosicky.

61:33

Aguinaga Javi Martinez challenges Tomas Rosicky unfairly and gives away a free kick. Mikel Arteta takes the direct free kick.

61:24

Centre by Thomas Muller, blocked by Per Mertesacker.

59:38

Unfair challenge on Tomas Rosicky by Luiz Gustavo results in a free kick. Strike comes in from Santi Cazorla from the free kick.

57:26

Thomas Muller has a drilled shot. Lukasz Fabianski makes a save.

56:34

Tomas Rosicky restarts play with the free kick.

56:34 Booking

Booking The referee shows Philip Lahm a yellow card for unsporting behaviour.

56:33

Foul by Philip Lahm on Santi Cazorla, free kick awarded.

56:00

Thomas Muller delivers the ball.

55:19

The offside flag is raised against Theo Walcott. Daniel Van Buyten takes the indirect free kick.

54:21

Mikel Arteta challenges Mario Mandzukic unfairly and gives away a free kick. Philip Lahm takes the direct free kick.

53:50

Olivier Giroud produces a volleyed left-footed shot from 35 yards and missed to the left of the goal.

53:35

The ball is swung over by Philip Lahm, clearance made by Per Mertesacker.

51:39

Foul by Mario Mandzukic on Laurent Koscielny, free kick awarded. Kieran Gibbs takes the free kick.

50:54

Mikel Arteta gives away a free kick for an unfair challenge on Toni Kroos. Free kick taken by Philip Lahm.

50:02

Arjen Robben produces a left-footed shot from just outside the area that goes harmlessly over the bar.

49:46

Unfair challenge on Thomas Muller by Laurent Koscielny results in a free kick. Arjen Robben takes the free kick.

49:17

Corner taken by Toni Kroos from the right by-line to the near post, Aaron Ramsey manages to make a clearance.

49:03

The ball is sent over by Toni Kroos, clearance made by Laurent Koscielny.

47:57

Foul by Olivier Giroud on Aguinaga Javi Martinez, free kick awarded. Free kick taken by Bonfim Dante.

47:26

Toni Kroos has an effort at goal from outside the box missing to the wide left of the goal.

46:33

Corner from the right by-line taken by Toni Kroos, Aaron Ramsey makes a clearance.

46:10

Arjen Robben has an effort at goal from just outside the box which goes wide of the right-hand post.

45:13

Mario Mandzukic challenges Mikel Arteta unfairly and gives away a free kick. Laurent Koscielny takes the direct free kick.

45:01

The game restarts for the second half.

45:00 +1:11 Half time

Half Time The first half comes to an end.

43:38

Direct free kick taken by Philip Lahm.

43:38 Booking

Booking Booking for Kieran Gibbs.

43:32

Kieran Gibbs challenges Arjen Robben unfairly and gives away a free kick.

43:09

The ball is swung over by Aaron Ramsey, clearance by Bonfim Dante.

41:13

Unfair challenge on Toni Kroos by Mikel Arteta results in a free kick. David Alaba takes the direct free kick.

33:37

Corner taken left-footed by Arjen Robben to the near post, Olivier Giroud manages to make a clearance.

32:48

Unfair challenge on Thomas Muller by Aaron Ramsey results in a free kick. The free kick is delivered right-footed by Toni Kroos from left channel, Kieran Gibbs manages to make a clearance.

32:07

Free kick awarded for an unfair challenge on Philip Lahm by Mikel Arteta. Philip Lahm takes the free kick.

30:47

Theo Walcott crosses the ball.

29:52

Toni Kroos fouled by Mikel Arteta, the ref awards a free kick. Bonfim Dante takes the direct free kick.

29:17

Thomas Muller produces a right-footed shot from deep inside the six-yard box which goes wide of the right-hand upright.

29:09

The ball is sent over by Arjen Robben, Per Mertesacker makes a clearance.

28:48

A cross is delivered by David Alaba.

27:54

Arjen Robben produces a left-footed shot from just outside the box that misses to the right of the goal.

26:27

Unfair challenge on Luiz Gustavo by Tomas Rosicky results in a free kick. David Alaba takes the direct free kick.

25:20

Free kick awarded for a foul by Mario Mandzukic on Tomas Rosicky. Free kick crossed right-footed by Santi Cazorla from right channel, clearance made by Aguinaga Javi Martinez.

24:56

Toni Kroos takes the chance to get an effort at goal. Save made by Lukasz Fabianski.

23:33

Aguinaga Javi Martinez produces a left-footed shot from just outside the box that goes wide left of the target.

22:44

Luiz Gustavo delivers the ball, Lukasz Fabianski makes a save.

20:01

Aaron Ramsey gives away a free kick for an unfair challenge on Toni Kroos. Direct free kick taken by Daniel Van Buyten.

19:39

The ball is crossed by David Alaba, save by Lukasz Fabianski.

16:14

Aguinaga Javi Martinez concedes a free kick for a foul on Tomas Rosicky. Mikel Arteta takes the direct free kick.

14:19

Philip Lahm takes a shot. Blocked by Per Mertesacker.

14:02

Toni Kroos takes a shot from 20 yards. Per Mertesacker gets a block in.

12:44

The offside flag is raised against Thomas Muller. Lukasz Fabianski restarts play with the free kick.

10:25

Unfair challenge on Tomas Rosicky by Luiz Gustavo results in a free kick. The free kick is swung in right-footed by Santi Cazorla.

9:29

Inswinging corner taken from the left by-line by Toni Kroos. Luiz Gustavo produces a right-footed shot from inside the area that goes over the bar.

9:00

The ball is delivered by David Alaba, blocked by Mikel Arteta.

8:44

Philip Lahm produces a cross.

7:42

Philip Lahm crosses the ball, Laurent Koscielny manages to make a clearance.

6:10

Unfair challenge on Arjen Robben by Aaron Ramsey results in a free kick. Free kick taken by Aguinaga Javi Martinez.

5:21

Thomas Muller is caught offside. Lukasz Fabianski takes the free kick.

4:43

Toni Kroos takes a shot. Save by Lukasz Fabianski.

2:48

Theo Walcott provided the assist for the goal.

2:48 Goal scored

Goal! - Olivier Giroud - Bay Munich 0 - 1 Arsenal Olivier Giroud grabs a goal from close in to the top left corner of the goal. Bayern Munich 0 (3)-(2) 1 Arsenal.

2:46

The ball is swung over by Theo Walcott,

0:37

The referee blows for offside against Thomas Muller. Lukasz Fabianski takes the free kick.

0:00

The game kicks-off.

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