The Germany international is recovering from a strain suffered last week.
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Before last night's 2-2 draw at Wolves, Arteta confirmed: "Kai is an option for the weekend. I'm looking forward to having him back in the squad."
Wednesday night's trip to Molineux came too soon for Havertz, though there is a growing confidence he can make the crucial North London derby.
Last night's draw at Wolves leaves Premier League leaders Arsenal five points ahead of second-place Manchester City, having played one game more.