The Gunners battled through to the last four after a 0-0 draw against Sporting Lisbon in Wednesday's (15.04.26) quarter-final second leg gave them a 1-0 aggregate victory in the tie and the midfielder is looking ahead to a second successive semi-final tie in Europe's top competition.
Rice told TNT Sports: "Delighted, so, so happy. It was a really tough test over two games but to go back-to-back semi-finals is an amazing achievement for this group and we want to now go one step further than last year and get to the final.
"We’ve played Atletico already this year, it was a really good game and we know what to expect so bring on these last couple of weeks."
Rice baulked at the suggestion that Arsenal would be frustrated as they were unable to break down their Portuguese opponents in the second leg.
He said: "Frustrating? Nah, we’ve just got to a semi-final. No frustration, positivity all the way.
"Who cares what people think? All that matters is what this group thinks, what the manager thinks and we’re in another semi-final. I’m delighted.
"You want to be able to score goals. Most teams that come here, we play against 5-4-1 every time so there’s a bit of perspective with that. Every team we’ve played this season changes from a four to a five to defend against us, so the spaces aren’t there as much.
"It’s on us to find ways to score and break it down but we’re playing against top players every week. We’ll keep going, keep playing well, keep getting over the line. Bring it on."
Arsenal's progress means they head into the weekend's blockbuster Premier League clash against title rivals Manchester City in a positive frame of mind and Rice was pleased to silence some of the "noise" following recent defeats.
The England international said: "There’s noise with everything, this is Arsenal football club.
"There’s noise with every game, there’s scrutiny. We don’t play well, we play good, take it with a pinch of salt. It’s a rollercoaster, no-one’s going to hand you anything in this game, so we keep going and what will be will be."