Rice, 26, had a standout season, scoring eight goals and providing 10 assists in 51 games across all competitions. His performance helped Arsenal qualify for the Champions League with a 1-0 win over Newcastle in their final home game of the season.

Although Rice has been a key player for Arsenal, the team will miss out on a major trophy for the fifth consecutive season. He believes that signing new players in the summer could help the team achieve their goals.

Rice expressed his confidence in the team's ability to compete for titles, saying, "With the team we've got, with the manager we've got, we need to be competing for titles. Next year, we'll be back."