Arians, who coached the Owls from 1983-88, announced his retirement from coaching last week after five seasons with the NFL’s Arizona Cardinals.
The 1986 Heisman Trophy runner-up is the first Temple player and fourth former Owl to earn induction.
The former Owls' quarterback will become the team's quarterbacks coach.
The Owls' team score of 194.875 beat the University of New Hampshire, University of Maryland and Towson University on Saturday at the Little Boston Invitational.
Marchi started the first seven games of Temple's 2017 season and has two years of NCAA eligibility remaining.
Central Florida held the Owls scoreless for more than 10 minutes during the second half of its 60-39 win on Sunday in Orlando, Florida.
Brandon Shippen and Colin Thompson signed reserve/future deals this week.
Redshirt junior Derrek Thomas will play his final season at Baylor University for former Temple coach Matt Rhule, he announced on Tuesday.
Jahad Thomas, who played his final season for Temple in 2016 and ranks sixth in program history in rushing yards, will be on the New York Jets' active roster on Sunday against the New England Patriots.
Kirkwood was the Owls' second-leading receiver in the 2016 and 2017 seasons.