Johnson grew up supporting the Gunners and admits that will make the tie even more special for him personally.
Speaking of the draw, the 24-year-old said: "It's going to mean a lot to me, growing up as a little kid I supported Arsenal and I still do now so it means a lot. I think to draw such a big club is good for me and the boys, especially the young boys that get to play against some top players.
"They have some of the best players in the Premier League, arguably some of the best players in the world so it's a brilliant draw for the football club and I can't wait.
"To get such a big club in the FA Cup is brilliant, it's going to be a great atmosphere and myself and the boys can't wait.
It's the second time in three seasons that PNE have hosted one of the top tier's big boys in the FA Cup, Manchester United the visitors last time in the fifth round back in 2015.
Though Johnson had signed for North End back then, he was cup tied for the game against United, and is hoping he gets to experience the atmosphere first hand this time around.
"I didn't get to play in the Manchester United game and I didn't play against Peterborough so hopefully this time around the gaffer picks me if I've been doing well and we will go from there.
"I was gutted that I couldn't play in that last game but I was here and I watched it and the atmosphere was just incredible.
"Even when we scored you could just feel the energy from the fans and the players and you could just see that they were really up for it. It was a brilliant atmosphere so hopefully this time we can get the same."
Despite the odds being stacked against Simon Grayson's side, the midfielder knows that anything is possible when it comes to the FA Cup.
"We are going to go out there and do what we do and of course go out with a positive mind of winning the game and getting through to the next round.
"They are a big team, one of the top teams in the Premier League and one of the top teams in the world so we will have to see what happens on the day, anything can happen.
"We will go out there positive and looking to win the game."