The meeting of the two Premier League giants is surely the standout fixture of one of English football’s most iconic weekends, due to be played between Friday, January 5 and Monday, January 8, 2024.
The Gunners have historically dominated the FA Cup and are record winners with 14 triumphs but haven’t gone past the fourth round in any of the last three seasons.
Holders Manchester City will meet Huddersfield Town as they begin their defence of the trophy, while beaten finalists Manchester United will travel to Wigan.
Brentford and Crystal Palace were both drawn against fellow Premier League teams in Wolves and Everton respectively, with Fulham hosting Rotherham and West Ham entertaining Bristol City.
The other standout fixture will see high-flying Newcastle make the short trip to bitter rivals Sunderland.
FA Cup third round draw 2023/24 in full:
Luton Town v Bolton Wanderers
Shrewsbury Town v Wrexham
Arsenal v Liverpool
Stoke City v Brighton
Norwich City v Crewe Alexandra/Bristol Rovers
West Ham United v Bristol City
Tottenham Hotspur v Burnley
Fulham v Rotherham United
West Brom v Aldershot Town/Stockport County
Southampton v Alfreton Town/Walsall
AFC Wimbledon/Ramsgate v Ipswich Town
Peterborough United v Leeds United
Millwall v Leicester City
Watford v Chesterfield
Sunderland v Newcastle United
Sheffield Wednesday v Cardiff City
Crystal Palace v Everton
Middlesbrough v Aston Villa
Nottingham Forest v Blackpool/Forest Green Rovers
Wigan Athletic v Manchester United
Manchester City v Huddersfield Town
Blackburn Rovers v Cambridge United
Gillingham v Sheffield United
Swansea City v Morecambe
Chelsea v Preston North End
Queens Park Rangers v Bournemouth
Coventry City v Oxford United
Brentford v Wolverhampton Wanderers
Plymouth Argyle v Sutton United
Maidstone United v Stevenage/Port Vale
Newport County/Barnet v Eastleigh
Hull City v Birmingham City