According to ESPN, the Spaniard gathered his players for a team meeting to discuss their poor form in the Premier League this term.
After the first meeting concluded, the players stayed behind for a 'stormy' and 'intense' discussion by themselves.
Reports state 'finger-pointing' and raised voices followed the angry dialogue before the players ended amicably and agreed to improve their performance.
Arsenal players will now have to do their talking on the pitch when they take on closest rivals Tottenham in the north London derby on Sunday - and this fiery meeting may be the catalyst for a positive run of results.
Thursday's 4-1 win over Rapid Vienna was a start for the Gunners.
But the north London outfit have won just one of their last five Premier League outings.
Arteta is now on the brink, despite enjoying a strong bond with the Arsenal dressing room and a section of the Emirates fanbase.
And the players look set to fight for their manager in the coming weeks.
Speaking on Friday, Hector Bellerin called the criticism of Arteta unfair as he vowed to fight for his fellow countryman.
“So unjust. So unjust. As I say, we have to, as players, take responsibility for this because I think we all know that Mikel and his coaching team give us all the tools that we need to win all the games," he told beIN Sports.
“When you lose a game it’s always very easy to blame the coach, but also when the coach gives us the tools we have to be the ones to step up.
“The way that Mikel plans these games, all the knowledge that they give us before we step on to the pitch is second to none.
“Sometimes it’s not that easy, depending on the opponent, but that’s why football is beautiful.
"If you play the games on the [tactics] board, then it will be a completely different game.”