'He was a leader, has a good passion for the game and he knows the club well, knows what is important at the club.
"Why not?" Wenger said in a BeIN Sports interview.
After helping the club win a Premier League and Carabao Cup double, Arteta could now be set for a return to north London - especially as he is reportedly the preferred candidate of Arsenal chief executive Ivan Gazidis.
According to the BBC, the Gunners could make an announcement on their new manager as early as next week and look to usher in a new era at the club.
Colin Lewin will leave Arsenal after a long career in the club’s medical department
The Frenchman, who has made a decision to end his 22-year stay with the Gunners, has revealed that he had a number of key men on his radar in the early stages of his career and the Argentina worldwide was a surprise name.
"The one thing I can say for sure is that I will continue to work".
The Gunners are prepared to allow Arteta to select his own backroom staff and the Arsenal board will hand the current Manchester City coach a budget in the region of £50m.
"I have not even emptied my desk yet and in a way, I am still in a state of shock". I think it was linked with Nike at the time and they wanted Pique to go to Man United. "I can't imagine doing anything else". I need a challenge.
Sokratis is also said to be available for just £15m, having failed to agree terms over a new contract at the Westfalenstadion.
Lewis Hamilton not getting carried away despite dominant Spanish Grand Prix win
But after storming to victory in Sunday's Spanish Grand Prix , Hamilton insisted his passion for the sport is as strong as ever. His 1:18.441 was more than three seconds faster than the previous record - a 1:21.670 - set by Kimi Raikkonen in 2008.