The Spaniard has been linked to other clubs over the past few months, given his impressive work at the Gunners.
Per football.london, Arsenal want to ensure that Arteta is very much a part of their future.
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Given Manchester City are planning for an eventual future without Pep Guardiola, they may eye their former assistant.
However, sporting director Edu Gaspar and the rest of the Gunners board will hope to convince Arteta all his ambitions can be met at the Emirates Stadium.
There is no suggestion that he is looking for an immediate exit, given plans are already underway for a squad overhaul in the summer.