One of the reasons for that success was Ceballos, who posted a virtuoso midfield display against Chelsea in the final and although Pierre-Emerick Aubameyang scored both goals, it was the Spaniard who many Arsenal fans were raving about at full-time.
Atletico Madrid remain interested in a deal to sign Alexandre Lacazette from Arsenal and are prepared to offer three players in exchange for the forward - but not reported Gunners target Thomas Partey.
The 22-year-old reportedly underwent a medical in London earlier in the week and Arteta hopes the transfer can be sealed soon. "They'll have to show with their performances and their attitude that they are better than their teammates or somehow contributing to what we want to achieve this season".
"He is a player that we have followed and we are very determined that it was the right profile for us to improve our squad", said Arteta.
That last bit is important because although Ceballos might want to stay at Arsenal, Real Madrid clearly have a big say in the matter.
The manager also revealed a deal for Lille defender Gabriel was also close.
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"When we get it, I will be very pleased".
"Regarding Gabriel, we can not announce anything yet".
Ceballos spent last season on loan at Arsenal, and, although he endured some hard moments at times, he concluded the campaign strongly and helped the Gunners to win the FA Cup.
"I keep being positive, we have had some really good talks with him and his agent", Arteta told reporters in a virtual news conference ahead of Saturday's Community Shield match against Liverpool at Wembley.
If Arteta can also get a deal for Gabriel over the line and add at least one central midfielder, then Arsenal will have a strong squad heading into the new campaign as they look to get back into the top four.