Arsenal struggled to contain PSG in the early stages of the first leg but Rice said, after Arteta made changes, he and his team-mates are full of confidence that they can get a result.
“You felt in the first leg there was a lot of movement in midfield. They [PSG] run around so much and create a lot of space for each other,” he said.
“The way they move between the lines was really, really smart. But once we worked out how we could beat them – obviously we missed a few chances, but in terms of how we were driving with the ball, giving our winners one-on-one opportunities, chances started to open up.
“I think tomorrow night we need to do the same.”
Rice has played a big part in Arsenal reaching this stage of the competition.
The England international scored two free-kicks in the 3-0 quarter-final first-leg victory over Real Madrid and received the player of the match award in both ties.
He said manager Arteta speaks regularly to his players about producing in high-pressure situations.
“He always talks about having someone delivering a magic moment,” Rice said.
“I think in that game against Madrid, obviously I was able to produce two free-kicks, which were incredible.
“But tomorrow night, a semi-final is set up for someone else to maybe get that magic moment.
“Hopefully it’s me again, but you’re going to need a moment of magic to win a game, and as a team we’re going to need that.
“So tomorrow night hopefully we can deliver something special.”