Arteta, who made 149 appearances for Arsenal between 2011 and 2016 before joining Manchester City's coaching staff as Pep Guardiola's assistant, replaces fellow Spaniard Unai Emery at the Emirates Stadium.
English Premier League club Arsenal goalkeeper Petr Cech will retire at the end of this season. The 36-year-old ex-Czech Republic international joined Arsenal in 2015 from Chelsea, where he played 11 years.
Chelsea have now won both games under new manager Maurizio Sarri while Arsenal have suffered back-to-back defeats under Arsene Wenger’s successor, Unai Emery.
Forty-six-year-old Spaniard, Unai Emery, had previously been manager at Paris St Germain and Sevilla.
Neymar was hurt on Sunday as the French league leader beat Marseille 3-0. After tests revealed he has a cracked fifth metatarsal in his right foot, however the club insists they want him to recover for the clash against Madrid next week.
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