It is 10 years since the Gunners won the title and nine since they lifted the FA Cup.
"It would be a turning point for the club because for such a long time we haven't won anything," Arteta said.
"It gives you a lift, gives you belief that you can start to go in the right direction.
"We have two competitions that we are still in. We want to fight for the league, for sure and we have a great chance in the FA Cup as well.
"We need to enjoy the moment and make the most of it because I think we can do something good."
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