Wenger worked many wonders during his 22 year reign and one of the most memorable highlights of his time was was the wonderful start to his Arsenal career which many are hoping that the new manager would be able to replicate.
Along with Arteta, Patrick Vieira has been spoken to about the Arsenal post, but the Frenchman has since been left in limbo as he has not received any feedback.
Arteta would seek to bring in at least three of his own appointments - with further backroom changes expected.
Arteta who has been Pep Guardiola's right-hand man, assisting the Spaniard to lead Manchester City to the Premier League title is keen on returning to the Emirates after working with Guardiola just two years.
Regardless, Pires believes his former teammate remains the ideal candidate to step into Wenger's shoes.
Vieira is also a firm favourite with Gunners' fans, having helped drive Wenger's Invincibles team through their unbeaten league season of 2003/2004. "I think all of them could manage Arsenal", Pires said in an interview with BTSport.com.
'He is doing very well with New York City, and he told me the job is very hard and difficult.
Although CEO Ivan Gazidis wants to complete a thorough process in the search for Arsene Wenger's successor, no candidate ticks the boxes like the 36-year-old does.