The Arsenal midfielder says there is a growing sense of optimism at the Emirates.
The Gunners have been in impressive form in pre-season thus far, winning the Barclays Asia Trophy in Singapore and more recently the Emirates Cup on home turf.
That victory in the Emirates Cup came after they defeated Lyon 6-0 in the first game of the tournament, with the comprehensive win having increased expectations and belief considerably ahead of the new season.
And Arteta says there is real belief in the squad that they are capable of achieving something important in the near future.
“We have been together a while now and we have this belief now that we are capable of achieving something important,” the Spaniard told Arsenal's official website.
“It took some time to build this cohesion, this momentum. I think the crowd is feeling much closer to the team at the moment and together we can make it.”
Whether Arsenal can achieve anything next season will arguably rest on the remaining business they have to do this summer.
The signing of Petr Cech has almost certainly moved them closer towards a potential title challenge; with pretty much everyone accepting his signing has not only resolved one of the Gunners’ bigger problems but also improved their squad.
However, many still feel that they need a top-class centre-forward to compete effectively, although the evidence from pre-season suggests otherwise.
Whatever Arsenal do - or do not do - it is certainly clear that there is momentum building at the Emirates ahead of next season.