The London rivals won one game each when they met in the Premier League this season.
"It will be a tough game," said 25-year-old Barkley. "It's always competitive. It's a derby. So we'll be up for it and I'm sure they will.
"We've had our ups and downs this season but we've come through it strong and we've learned a lot. It bodes well for next season. We'll be better for it.
"Our next target is to win the Europa League. Then we'll set our targets for next season but this is a massive club. We want trophies. We want to win the Premier League. Every competition we're in, we're in to win."