Mikel Arteta is confident that Arsenal are genuine contenders to win the Champions League this season and has urged his players to embrace the “most exciting part” of their campaign. With the Premier League title now out of reach, Arsenal’s best hope for silverware lies in Europe, where they are on the brink of reaching the Champions League quarter-finals for the second consecutive year.

Arsenal head into the second leg of their last-16 tie against PSV Eindhoven with a commanding 7-1 aggregate lead. A win or draw on Wednesday will see them progress to the next round, where they could face either Atletico Madrid or Real Madrid. Arteta believes that his side can compete with any team left in the competition, insisting they must focus on finishing the job against PSV.