Promoter Frank Maloney won the purse bid to stage the fight between the 2002 Commonwealth Games gold medallist and unbeaten 27-year-old Lindsay.
"It's a great opportunity and I can't wait," said Welshman Arthur, who is unbeaten since his 2008 comeback.
"Lindsay's a great fighter with a big punch, it'll be a hell of a fight."
Lindsay has won all 14 of his fights, six by knock-out, claiming the title by stopping Paul Appleby at the Ulster Hall in April. John Simpson was lined up for Lindsay's first defence that has fallen through, leaving the way open for number one contender Arthur.
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British featherweight champ Martin Linsday will defend his title against comeback star Jamie Arthur on February 5
Martin Linsday Vs Jamie Arthur
British featherweight champ Martin Linsday will defend his belt against comeback star Jamie Arthur at the Newport Centre on February 5. The Belfast man recently enjoyed another professional win on the undercard of Paul McCloskey’s European title fight show in Derry.
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