The Englishman has signed a new four-year contract with the Clarets.
Asked if Dyche deserved the new deal ahead of the two clubs meeting on Saturday, Arteta said: "I think he deserves huge credit.
"With the resources he has, the way he has established the club in the Premier League and how he has done it over the years - and he has stuck to his beliefs and done it his own way and created a unique identity on the club, which is something that is very difficult to do in this league, so credit to him and congratulations."
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!