Arsenal sit tenth in the Premier League, winning just six of their 25 matches so far.
They welcome Newcastle to the Emirates on Sunday as Arteta looks to lead his side to their first league win since New Year’s Day.
But focus is not all on the match with the Spaniard, who only took charge of Arsenal in December, admitting that he is thinking about the summer transfer window.
“We have to plan and we need to know the direction we want to head in and we need to bear in mind different scenarios,” Arteta said.
“I have to tell the club what we need, where we think we can improve and where we want to end.
“And if we all end with the same thing, we put a plan together to try and execute it and make the process as short as possible.”
Arsenal did spend big last summer bringing Nicolas Pepe to the club for £72m.
William Saliba was also signed for £27m though returned to Saint Etienne on loan until the end of the current season.
Kieran Tierney set the Gunners back around £24m while David Luiz and Gabriel Martinelli also headed to north London.
And while Arteta will focus on incomings, there could also be some departures from the Emirates this summer.
Bukayo Saka has been linked with a move away with Premier League rivals Manchester United reportedly keen.
It comes with the young star entering the final 18 months of his contract.
Arteta added: “I am really happy with how the [young players] are developing.
“Part of that development is to improve the contract and to tie them to the club.
“But that has to follow a natural process. We have Edu, we have Raul, Vinai and Huss who are in charge of that and I am sure we will do the right thing when players deserve to improve and extend their contracts.”