The Gunners are in danger of missing out on European football altogether as they sit four points behind seventh-placed Sheffield United with three games remaining.
However, Arteta says sources have told him that quality players want to join the North London club.
Asked if Arsenal would still be able to attract top players, Arteta replied: "Yes. Because we've an incredible history, an incredible structure, in a beautiful city and a style of play that attracts players.
"I'm telling you now because when I am closer to the market now when I speak to people, a lot of players want to play for Arsenal."