Coyle said: "It will be emotional and I will feel a sense of pride as well. If I wasn't nervous there would be something wrong.
"The first few days with the players have been great. It has been a whirlwind but I have enjoyed every moment. There are some good players here and they have applied themselves well in training.
"I feel privileged to be Bolton's manager and excited about what lies ahead. You want the ball rolling and your first game getting under way. We will try and earn some points.
"It is a game to look forward to against a team that is the role model for any young manager.
"You look at the way Arsene Wenger has built that club and the style of play. I am a big admirer of them.
"But I still believe we can test Arsenal. We know their strengths far outweigh their weaknesses. We have to nullify those threats."
Meanwhile Coyle has called on skipper Kevin Davies to maintain the high standards he has set and drive the team out of the relegation zone.
The striker has been an influential figure, first under Sam Allardyce, then Sammy Lee and Gary Megson.
Coyle said: "Kevin has a massive role to play here as captain. His ability speaks for itself. That is not up for debate.
"He has shown over many years in the Barclays Premier League he is a top striker. I had an extensive chat with him and liked everything I heard.
"What we have to do is build and foster that relationship with team spirit we have at the club. He plays a big part in that."
Coyle wants the team and the fans to bond after his predecessor Megson failed to win over a section of the support.
He said: "I know the Bolton fans from my time as a player and they always got behind the team.
"They gave it tremendous support and that is what we are looking for. It is a double-edged sword.
"The players need to give people something to shout about but equally the fans need to give that backing."