The Gunners face London rivals Chelsea in Saturday's (01.08.20) final and their manager believes it will bring happiness for supporters following a difficult campaign.
Asked what winning the cup would mean to Arsenal, Arteta said: "It would be absolutely great.
"Everyone's worked so hard since I joined here to try to bring this club back to winning titles so if we can achieve that, I will be delighted.
"But not for myself; for the players and the club that has been through some very difficult moments in the last few seasons. And as well for our fans because they really deserve for us to give them some joy and nice moments."
Top marksman Pierre-Emerick Aubameyang has been linked with a move away from Arsenal - who have won the competition a record 13 times - and Arteta admits that winning the final may not be enough to keep the striker.
The 38-year-old coach said: "It's a package at the end - you need to have a lot of ingredients on the table to persuade a player of his level to be at this football club.
"Don't forget that he still has a contract here with us and we want to keep him more long term. But at the moment he is with us and I think he should be really proud of where he is as well."