The Clarets claimed an impressive point in a 2-2 draw with Leicester City last time out, whereas Daniel Farke’s side suffered a 2-0 defeat to Everton.
Brendan Rodgers’s side eased to a 2-0 win at Millwall on Wednesday evening, while a Jay Rodriguez-inspired Burnley saw off Rochdale 4-1.
Norway international Odegaard curled home the only goal in the 30th minute to further ease the pressure on Gunners boss Mikel Arteta.
Mikel Arteta’s side scraped a 1-0 victory over Norwich City in gameweek four, whereas Burnley’s winless start continued with a 3-1 defeat at Everton.
He follows a succession of team-mates in tying their futures to the club, with Virgil van Dijk, Fabinho, Alisson, Trent Alexander-Arnold and Andy Robertson all signing long-term deals this summer, as the club focuses on renewals rather than transfers.
Both clubs head into this fixture after progressing from the second round of the League Cup in midweek, with the Clarets forced to beat Newcastle United on penalties, while the Whites secured a routine victory against League One opposition.
Jurgen Klopp’s side eased to a routine 3-0 victory at Norwich City last weekend, whereas the Clarets were sunk 2-1 by Brighton & Hove Albion on home soil.
As the lowest survivors from last season, both teams will be keen to improve on their final positions, after the Clarets ended in 17th place, while the Seagulls finished one spot above them in 16th.
Hennessey, 34, who departed Selhurst Park earlier this month, was back-up for Wales number one Danny Ward at Euro 2020.
The Reds claimed a fourth successive win to further boost their hopes of sealing UEFA Champions League qualification
The Clarets beat Fulham 2-0 on Monday to confirm their Premier League safety, while Leeds saw off Tottenham Hotspur 3-1 last time out to move up to 10th.
Scott Parker’s men went into the game needing a win to avoid the drop, but yet again struggled in the final third and were unable to find the breakthrough
Iheanacho is paired alongside Burnley’s Chris Wood and Newcastle’s Allan Saint-Maximin for the attacking role.
The Red Devils are 14 places and 30 points better off than their visitors in the Premier League table, but have found the Clarets an unlikely bogey team on home turf in recent years.
It was a remarkable turnaround after Newcastle had been second best for almost a full hour, and one which could just transform their season
The Clarets won 1-0 in their last home league game against the visitors, but the Magpies recorded a 3-1 victory at St James’s Park in the reverse fixture earlier this campaign.
This weekend’s Premier League action sees Liverpool looking for revenge when they host Aston Villa on Saturday afternoon at 3pm, with the teams’ last meeting producing a shock 7-2 win for the Birmingham side.
Ralph Hasenhuttl’s side moved 10 points clear of the relegation zone with eight games left after a dramatic fightback at St Mary’s.
The Clarets, meanwhile, are looking to secure back-to-back away league wins for the first time since July 2020.
With fourth-placed Chelsea drawing at Leeds earlier in the day Carlo Ancelotti’s side had the chance to move within two points with a match in hand