While they enjoyed an impressive Champions League win at Club Brugge in midweek, the Premier League leaders have stumbled in recent games - including defeat to Aston Villa last weekend.
Arteta, speaking this morning ahead of hosting bottom-of-the-table Wolves on Saturday, admitted it's a chance to get back to winning ways.
"With any defeat, you want to put it right straight away and we did that to put ourselves in a great position in the Champions League," he said.
"Now it's about Wolves, focusing back on the Premier League. After what happened and the result against Aston Villa, it's a massive opportunity for us to win and put ourselves in a good position."
Gyokeres' adaptation
Arteta was also asked about Viktor Gyokeres' form and whether his adjustment has been a task for both the player and also Arsenal's playing system.
It was put to Arteta whether bringing out the best in the Sweden centre-forward will mean tinkering with his tactics.
"I think the two things have to merge. I think we have to put the player in the best possible condition to explode and fulfil his potential. And there are certain things that within the role, in the manner that we play, has to be fulfilled.
"And that's a combination of both. And then it's not only that. I think more important is the connections and the players around him at the end.
"Those interactions, that understanding, how it develops. And before the injury, I think he was in a great place. I think it took him a while at the beginning because, as you said, it's a different league, different demands.
"He had no pre-season. And now he's starting to get, again, some momentum. And the goals will come, and we're going to be very pleased with him."
Saliba setback
Arteta also expanded on William Saliba's injury issues this season, conceding the current problem is linked to previous niggles.
"Yeah, it was something quite small. It came from an ankle injury that he had, and then he started to modify the way he was running and all that, and he started to overload an area, which is something common.
"But at some point, it became uncomfortable to continue training and playing, and we had to stop.
"And he looks better but we have to wait and see if he's enough for him to be able to train with the team."
Selling Gabriel Jesus?
Gabriel Jesus made a successful playing return this week in the Champions League win at Club Brugge. The Brazilian striker has missed much of the year due to a knee injury.
A second-half substitute at Brugge, Gabriel Jesus hit the crossbar and forced three saves in his cameo.
Arteta was asked if the striker's return to fitness offers Arsenal the chance to sell him in January. A question that took the Spaniard aback.
He replied: "No, I don't consider that, especially with the situation we have right now. He showed straight away, he has put so much into this position, and the focus is to be with us."
On the limited appearances of Ethan Nwaneri, Arteta added: "His attitude has been excellent and when he has the chance to play, prove that I'm wrong and he deserves more minutes."
Arteta also had a word on the impact of Martin Zubimendi.
"Very impressed because I know the difficulty of coming into this league. You have to earn the role.
"The variety of actions and involvements that he has in the game is exceptional. His defending metrics are exceptional.
"Attacking-wise as well, the position he takes, the way he opens up teams, he has improved on set-pieces as well. He is a player who is never going to be satisfied but that is what makes him so good."
No complacency
Arteta, moving on to what he expects from Wolves tomorrow, insists there'll be no taking the visitors easily. Despite Wolves' problems, Arteta says in the Premier League every game is up for grabs.
He said, "In any Premier League match and especially against a team that is fighting for results. I know the manager well and how he will push his players. We know what we have to do.
"In the end, you are going to have to get over 90 points to win it (the title), that means winning a lot of football matches."
On how to fight against complacency, he continued: "By showing them the team that they are, understand that a team in that position has to react and show their teeth. That's a dangerous thing in this league, and when a team has the quality they have. So it's (being complacent) not going to happen."
As it stands, Arsenal - on current form - sit seventh on the table over the past five games.
Arteta, however, stated: "Hopefully tomorrow we will win, and then in the last one, two or three we will have been the best team (in the form table).
"We try to win every game, that's the only thing we can do in terms of being as consistent as possible."
Good press?
With their stumbles, Arsenal now sit two points ahead of second-place Manchester City. They still boast the best defensive record in the league and are the second-highest scorers.
Pushed if he feels his team deserves greater recognition for the way they're performing this season, Arteta added: "That's not for me to judge.
"We are in a very strong position in the three competitions we are involved with so far. We have to continue to do that.
"The credit comes at the end of the season when we measure what we've done. To achieve that, you have to achieve every day the objectives you want. At the moment, we are in a strong position."