At the end of a protracted saga, the Gunners are in the process of thrashing out the final terms of an agreement with Arteta.
The former club captain will return to Emirates Stadium and fill the first managerial role of his coaching career .
The Spaniard will therefore be charged with the task of bringing the good times back to the red half of north London.
It is, however, understood that his reign will not officially open until Boxing Day.
Arsenal are hopeful of having a deal done before their next outing at Goodison Park.
They have pushed their pre-match press conference back 24 hours to Friday in an effort to get the finer details of Arteta’s deal tied up.
Official confirmation of his arrival is expected in the next 24 hours, but no change in the dugout will be made for a trip to Merseyside.
Interim coach Ljungberg has overseen training this week and will select another starting XI against Everton.
If everything goes to plan, then Arteta will take in that contest from the stands.
He had been mooted as a possible candidate to take the Toffees’ reins, as they remain in the market for a successor to Marco Silva.
He was first linked with Arsenal back in 2018 when it was revealed that Arsene Wenger would be stepping down after 22 years.
Emery was favoured on that occasion, but another Spaniard is now set to get his big break.
Arteta’s first game at the Gunners helm is likely to be a trip to Bournemouth on December 26, with a London derby against Chelsea following on the back of that before 2020 is welcomed in with a home date against old adversaries Manchester United.