Solbakken coached Podolski at FC Cologne.
"I think he has the right temperament for the Premier League," said Wolves' boss, "and he can play in either of the forward positions.
"If Arsenal play their usual formation of 4-2-3-1, then Lukas can play in any of them.
"He's played on the right. And he plays for Germany on the left. He has played as the main striker and just behind the main striker.
"He can do all these things. He will be a success."