Arsenal has fewer than 24 hours to settle on the futures of four of their first-team players, including David Luiz who has come under fire for his recent performance.
And now Arteta has some big decisions to make on June 23 deadline for Premier League clubs to negotiate with their players on contract extensions.
After a number of high-profile errors, including two in the recent 3-0 defeat at the Etihad, Luiz has been subject to increased scrutiny.
The Brazilian was added as a first-half substitute for the injured Pablo Mari, but ended up gifting the first goal to the hosts before giving away a penalty and being sent off in the process.
The 33-year-old, an £8million signed last summer from London rivals Chelsea, made it clear that he wants to stay in the Emirates, but it remains to be seen whether a new deal will be awarded.
Before suffering an ankle ligament injury against Manchester City which could rule him out until November, Mari had shown some early promise for the Gunners.
The Flamengo defender joined the Premier League side on loan in the January transfer window, with the contract having a £14m buyout clause.
Arsenal is thought to have taken on this option, although the club has not yet given any official confirmation.
This loan signing from Southampton was one that at the time the deal was announced had raised eyebrows with the Arsenal fanbase.
He arrived from Southampton in north London with a knee problem that took longer to clear up than originally anticipated.
Soares, 28, has yet to make his Gunners first-team debut.
The Portugal International is going to become a free agent with his Saints deal scheduled to expire on June 30.
The Gunners could however negotiate a short-term contract extension for Soares until the end of the season before working on a long-term deal later on.
Another loanee, the jury on Ceballos is already very much out.
During his season-long loan, the Real Madrid midfielder showed glimpses of his quality in the Emirates.
According to Marca, the Gunners have reached an agreement with the LaLiga giants to extend his loan deal until the end of the 2019/20 season.
However, the long-term ambitions of the 23-year-old remain in the air, with Ceballos sending mixed signals about his future