The Gunners host Luton tonight in the first of at least eight games this month as they fight in both the title race and the Champions League.
It is make-or-break time, but Arteta yesterday spoke of "the most beautiful part of the season" and the chance to make history.
Arsenal have never won the Champions League and they have not lifted the title in 20 years, but both are now within touching distance.
After surrendering top spot in the Premier League to Liverpool on Sunday after their 0-0 draw at Manchester City, the Gunners can return to the summit with a win tonight, even if only for 24 hours until Liverpool host Sheffield United tomorrow.
"I just embrace the moment, go game by game and make sure we are fully prepared to perform well," said Arteta.
"This is where we want to be. Now we want to take this opportunity and make this happen.
That's what has to drive this moment." The challenge for Arteta (right) is how he manages this hectic period.
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