Coyle told The Sun: "It's the stuff of dreams isn't it? But that is what is so great about cup competitions - just now and again you get to live out your fantasies.
"The Chelsea win lifted the whole town. Not just our supporters but people who would normally walk the other way if you started talking to them about football. We took 6,000 fans to Stamford Bridge - which isn't far short of 10 per cent of the population of around 70,000 at the last count.
"Turf Moor holds 22,000 and we could have sold it out two or three times over for the Arsenal game. Hell, I'd pay to watch them if I wasn't getting in for free. Arsene's kids are that exciting.
"We're doing pretty well in the Championship - fourth at the moment - but there is nothing like a cup run and games against glamour opposition to really get people buzzing."
The highly-rated Burnley boss radiates passion and enthusiasm for the game and is out to enjoy every minute of the Gunners' visit. He added: "What is the worst that can happen? Even if we get thumped by a hatful no one is going to have a go at us.
"I don't mean get stuck into them and kick them. That's not our style. We play attacking football, get it down and pass it. When you've got so many supporters willing you on you've got a massive obligation to entertain them.
"So I'd never send out a team to sit back to pinch something on the break. These Arsenal youngsters play with so much freedom, a licence to thrill if you like. I can't wait to send my players out against them.
"They should beat us 99 times out of a 100 - but that one other time is what makes this game so special. It could be Tuesday."