Arsenal look well placed to win their first trophy since 2020, with the Gunners currently leading the Premier League title race and well placed in the Champions League, having reached the last 16 by topping the league phase table.
However, the first trophy of the season will be awarded in just under a month's time when Arsenal meet Manchester City in the Carabao Cup final, and Rice has admitted the result could be pivotal from a mental perspective with more silverware on offer in the final months of the season.
The former West Ham United star added: “I’m buzzing. It’s everything we’ve been working towards.
“It’s the first trophy that’s up for grabs. It’s one that you can take and then after that, go on in the Premier League and have full momentum.
“We’re in a really good position now that we’re in the final and now we have a chance to go and win it.
“But where it’s in March, and then you still have two months left of the Prem, it’s a real momentum builder. So it’s one that we’re definitely looking to go and win.”