The Gunners are at Cardiff today.
"It's the club trying to get a good deal and the agent trying to get a good deal for the player," said Warnock.
"He will stay there and get a good increase, it's just politics.
"I'd love him to come here, he could be captain as well, Mozza (Sean Morrison) wouldn't mind, we'd get him an apartment, you name it!
"He's as good as anything in the country and he should be retiring now and coming back home, back here (to Cardiff)!
"Every time I watch Wales and Arsenal, he just does everything, he's a complete player. He's as good as anyone in the Premier League for me, Ramsey."