PSG retained their Champions League title with a dramatic 4-3 penalty shootout victory over Arsenal in Budapest after a 1-1 draw. Gabriel Magalhães missed the decisive spot-kick as Arsenal's wait for a maiden Champions League triumph continues, 20 years after their only other final appearance.

Kai Havertz put Arsenal ahead early, but Ousmane Dembélé's penalty forced extra time. PSG dominated with 75% possession and 21 shots to Arsenal's seven. Arteta acknowledged PSG as "the best team in the world," praising their exceptional individual quality that forced Arsenal to play outside their comfort zone.

The Gunners come off their first Premier League title in 22 years, but Arteta now faces crucial decisions. He urged the club to be "very ambitious" this summer, with reports suggesting Atlético Madrid's Julián Álvarez is among their targets. Arsenal must strengthen their squad if they hope to reach the next level in European competition.