Arteta also dismissed the suggestion that the pressure is off for Arsenal, having already won a trophy in the shape of a first Premier League title in 22 years.
“No, the ambition is bigger, we have one [trophy] and we want the second one,” said the Spanish manager.
“That is all we have been talking about. There has to be a platform to reach bigger destinations and to aim for more.
“The team is capable because they have shown it in the last seasons [in] this competition, what we have done this season in the competition.
“I want the players to be so confident that we are going to go and do it.”
PSG come into the match as favourites and the French side defeated Arsenal in the semi-finals of the tournament last year.
They are looking to become only the second team to win back-to-back titles in the Champions League era.
“They are defending the trophy and they are the champions and we are here to take that away from them,” Arteta said.
Highlights of the Champions League final will be available on the BBC Sport website and across social media channels 15 minutes after the trophy lift, and on BBC iPlayer and television later in the evening.
Live commentary will also be on BBC Radio 5 Live and BBC Sounds, with build-up from 15:00 BST.
