On 29 August 2020, Saka was in the starting 11 and registered an assist in the 2020 FA Community Shield, which Arsenal clinched a 5–4 victory over Liverpool in the penalty shoot-out after the match was 1–1 after 90 minutes. On 26 December 2020, he scored his third Premier League goal on his 40th appearance in a 3–1 win over Chelsea. Due to his stellar performance in December 2020, he was later voted as the Player of the Month on the Arsenal official website. He was voted as the Player of the Month again in January, having scored three goals and provided one assist in six appearances across all competitions, in which his goal against West Brom was voted as the runner-up of Arsenal's Goal of the Month. Saka was named Player of the Month for the third time in February after contributing one goal and two assists, claiming 48 percent of the votes.