City were last week banned from continental competitions for two seasons over breaches of Financial Fair Play regulations.
Mikel Arteta (R) gave his support to Manchester City and his former boss Pep Guardiola (L)
Though they have vowed to fight the ruling, the sanctions could open the door to those chasing a spot in the top four.
‘I don’t think about it,’ Arteta said about potentially benefitting from City’s ban.
‘My first reaction was I was shocked. I got in contact with Pep and the people at the club I know because I know they are suffering,’ he added.
‘The admiration and love I have for Pep and his staff and the players, I just want the best for them. I know how hard they work and hopefully a positive thing might come for them.’
The Spaniard insisted the Gunners were still capable of qualifying for Europe this season
Despite victory over Newcastle, Arsenal remain 10th in the Premier League. But Arteta suggested the events of recent days have shifted the landscape in the race for the top four.
‘A week ago… everything looked like it was too far and it was going to take an incredible run to do it. Today it feels like a little bit closer,’ he said. ‘(Improved) performances are going to lead to much better results and if that is the case, we will be in the mix in the last few games of the season.’