The Gunners have won five games in a row and sit fourth in the table, a point clear of Manchester United having played three matches fewer than their old rivals.
Arsenal will pose a tough test for the 2019/20 champions but Arteta concedes they are not yet at the level of the league’s elite outfits.
Asked if Arsenal are one of the best teams in the country at the moment, he replied: “No, there are better teams in the country because that’s what the league table shows.
“We haven’t done anything. What we are doing is try to improve, understand better what we want, being much more consistent in performance and results, but nothing else as yet.
“Credit to Jurgen, the coaching staff and to the club as well for what they have created. They haven’t just created a team that can compete and be successful.
“They have created a huge cultural understanding of who Liverpool is today. The stadium and the atmosphere they can create, the support, the level, how they communicate.
“It’s a long of things, not just individuals, or the players that they have recruited and the plan that they had to reach that level. It’s a whole plan that I really value, I think.”
With the youngest average age of any squad in the top flight, the likes of Bukayo Saka, Emile Smith Rowe, Gabriel Martinelli and Martin Odegaard have shone in attack for Arsenal of late.
Add to that goalkeeper Aaron Ramsdale as well as players such as Ben White and Gabriel Magalhaes – the latter of whom is the oldest name mentioned at the age of 24 – and it is clear Arteta is putting his faith in youth.
That belief extends to the fact Arsenal will now be entering games as many people’s favourites to finish in the top four.
“That’s the pressure of playing for this club,” he said.
“It’s to be the best and we are not that yet. So if the objective is that, it’s not a pressure it has to be a motivation, a challenge, and a clear understanding that the purpose to play for this club is only to be the best.
“What we have done so far means absolutely nothing and I think everybody has to be encouraged and empowered by the possibility always to find ways to improve and get better.
“Winning another game in this league always gives you momentum. Being able to beat the most in-form team in the country would be really, really big so that’s the aim tomorrow.”