They had been hoping for a double celebration by following up the league success with a first Champions League trophy in the club8217;s 140-year history.
But the English giants suffered heartbreak in Budapest on Saturday by losing on penalties to Paris Saint-Germain as the French club were crowned European champions for the second season running.
Eberechi Eze and Gabriel Magalhaes missed penalties in the shoot-out after the match finished 1-1 after extra time.
Kai Havertz had fired Arsenal into an early lead before Ousmane Dembele equalised from the spot for the French side in the second half.
Arsenal’s Premier League title came after the club finished runners-up in the league for the previous three seasons.
The parade started shortly after 2:00 pm (1300 GMT) and was due to take two hours to complete a nine-kilometre (5.6-mile) route close to the club’s Emirates Stadium in the area of Islington.
Four buses formed part of the celebration, including one carrying Arsenal Women, who won the inaugural Women’s Champions Cup in February.
AFP
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