The Spaniard has been instrumental in the club's revolution over the past two to three seasons.
As he builds a young squad that is challenging for top honors, Arteta admitted he may want to return to coach in Spain soon.
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"I have always thought that one day I will return," Arteta said, speaking at the UK Spanish Embassy on Wednesday.
"My home draws me a lot, our way of living, of getting together, the culture - and that means I always have it in my head.
"'But I am happy here (at Arsenal), happy with how they treat me, and I really enjoy my job.
"But someday I suppose it will come, I'm not going to be away for my whole life."