Arteta was unveiled as the new Gunners boss on Friday, a return to the club the Spaniard played for and captained between 2011 and 2016, winning two FA Cups over those five seasons under former manager Arsene Wenger.
The 37-year-old, who has worked under Pep Guardiola for three-and-a-half years, said his City farewells yesterday although the champions are reportedly angry Arsenal failed to mention their interest in Arteta when they played the Gunners last Sunday.
Sources had told ESPN that Arteta was set for the job at the Emirates, and he has now left his position as Pep Guardiola's assistant at Manchester City to take over from Freddie Ljungberg, who had been in charge as a caretaker following Unai Emery's sacking on November 29.
After agreeing to take his first step into management, Arteta told the Arsenal website: "This is a huge honour. He is one of the finest managers in world football and a proven victor, having achieved a remarkable level of success in each of Europe's major leagues", said Everton director of football Marcel Brands.
Arsenal director Josh Kroenke, the son of the club's majority owner, Stan Kroenke, and Sanllehi both thanked Ljungberg for his three weeks of stewardship.
"We all know there is a lot of work to be done to achieve that but I am confident we'll do it", added Arteta.
Arsenal is one of the biggest clubs in the world.
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Ancelotti was full of praise for Ferguson's short time in charge and believes by taking points from three of the Premier League's traditional top six, Everton's squad has shown what it is capable of.
"I'm sure he's got his opinions". Nevertheless, the major issue is that we have clarity and I wish to thank too, by way of instance, if Unai abandoned, he left with a great deal of staff and also we did not have any team.
"Of course, I love Tottenham, I love the fans, I love the players, I love the club, the staff", he said.
Everton are now hovering just above the relegation zone having won five of their 17 games so far this season.
"Mikel wants us to be fearless, take responsibility and to work hard for each other".
"We met several top-class candidates and Mikel stood out to every single one of us as the ideal person for us", he said in a club statement.
Former Arsenal star, Martin Keown, has claimed that playmaker, Mesut Ozil, chose to pull himself out of contention to face Everton in the Premier League on Saturday afternoon at Goodison Park. But I wanted to see people who would run and fight and go for it.