The pair played together at the Gunners and Cazorla is happy seeing his former teammate beginning to put victories together.
Speaking to BBC Sport, the Villarreal midfielder said: "Arteta deserves to the the boss.He was always a leader in the dressing room.
"It was the right decision to put him in as manager; it made sense and he has everything you need for the job.
"I hope he takes Arsenal up the table."
Cazorla was speaking before the Gunners' 1-0 win at Europa League opponents Olympiakos last night.