The Frenchman's near 22-year reign in charge of the club is over, with Arsenal yet to confirm who will be taking charge for the 2018-19 season.
Arsenal - who finished without a trophy last season and failed to qualify for next term's Champions League - are confident a new manager will be named before the World Cup begins on June 14.
ESPN Arsenal manager Nicol doubts if Mikel Arteta would be the right appointment
Much has been made of Arteta's lack of managerial experience, having never managed a game of football, however, Wenger insisted that Arsenal has experienced coaching personnel to guide the Spanish manager.
"He has all the qualities to do the job and I've seen as well that he is one of the favourites", Wenger told BeIN Sports.
It is understood the former midfield hardman, who made 406 appearances for the club, was angered by the token gesture with Arteta nearly certain to be given the gig.
Stanley Cup playoffs: Lightning get first win vs. Capitals
The 30-year-old Swedish centre took part in the Capitals' morning skate today, participating in line rushes and power play drills. This postseason has also been incredibly light on the overtimes, and we've got to be due for one eventually.
The aforementioned duo along with Arsenal CEO Ivan Gazidis are expected to meet with Arteta before suggesting his name to the majority shareholder Stan Kroenke, who is likely to make the final decision.
"Arteta has been an assistant of (City manager Pep) Guardiola as well, so overall I think he has the qualities".
PNB posts biggest bank loss of Rs 13000 cr in Q4
Shares in the firm plummeted 12.21pc to 75.50 rupees on the Bombay Stock Exchange's Sensex index shortly after opening Wednesday. The state-owned bank had reported standalone profit of Rs 261.90 crore in the fourth quarter of the preceding fiscal 2016-17.
"Steve Bould was with me for six years, Jens Lehmann as well".
However, Sportsmail is reporting that Arsenal chiefs will speak to a former club star striker before they make any official decisions or announcements.
The hunt for Wenger's successor continues, with Arteta now the bookmakers' favourite to return to the club he served as a player between 2011 and 2016.
BT Plus will grant you unlimited mobile data when your Wi-Fi goes down
BT said it will now offer a minimum speed of 100Mbps for its ultrafast home broadband service, with speeds up to 314Mbps. EE is launching the UK's first mobile plans that allow families to gift their data to anyone on their account.