The 18-year-old will hope to feature on Sunday with Wolves travelling to the Emirates on the back of a three-game losing streak.
He starred from the bench during last weekend's 3-2 defeat to Spurs.
"We want to bounce back," Gibbs-White said.
"It's not like we performed badly, the gaffer's still got confidence in us.
"It's going to be a real tough game but the boys have got to keep doing what we've been doing.
"I love watching Arsenal, they're beautiful to watch and it's a dream to come up against these teams."
Talking of dreams, Gibbs-White has already achieved one this season by making his Premier League bow.
An England call-up is next on his big wish-list, although first of all he's hoping to become a regular starter with Wolves and force his way into the England Under-21 squad.
"Yeah hopefully but I've got to keep proving myself and hopefully the call might come," Gibbs-White said.
"I believe I'm ready (for the Wolves first team) but it's all about timing.
"I've got Joao Moutinho and Ruben Neves in front of me, two Portuguese internationals with a lot of experience. I've got to bide my time.
"I'm learning ridiculous amounts every day in training, not just on the pitch but off the pitch.
"It's nice to hear the praise but I've got to keep myself humble and go again on Sunday.
"(Nuno) knows whenever my time is ready I'll be ready to take it.
"He wants to keep me humble and motivated, he didn't really say much (after Spurs)
"When I was kid I always used to say to my dad that one day I wanted to make my Premier League debut and play for my country.
"Hopefully in years to come I can make my international debut as well.
"It's all worked out. I've been here since eight years old, making my Premier League debut (against Everton) was for everyone who helped get me here, not just for me.
"It almost gives you goosebumps to hear your name being sung, I'm actually living my dreams."