"Arsene made me. He gave me the opportunity at a young age", the West Ham midfielder said.
"He's not yet completely adapted and you have to give him some time".
Wenger was honoured for his outstanding managerial career, which saw him claim three Premier League titles, achieve unprecedented Invincibles status during the 2003-04 season, and winning a record-breaking seven FA Cups while at Arsenal.
He has had multiple offers from some Premier League clubs as well, the report states, but he has turned all of them down because of his long-term association with Arsenal.
Wenger, on the other hand, parted ways with Arsenal last year after 22 years in charge of the North London club.More news: Alec Baldwin, family scammed by bogus tour operator
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"I educated as a coach at the age of 25 and I never changed... moved out of my job, so for me to move out of this job is really hard". I suppose every footballer gets that, and being English and being in the spotlight maybe I had it a little bit more.
"I'm an Arsenal man and after that I'm a professional", he told Sky Sports. "I see some characteristics of his game, especially off the ball, that don't happen at the moment".
The £350k-a-week German World Cup victor has been axed out of Unai Emery's last three matchday squads with the Gunners boss admitting other players "deserve it more". I think that's probably the end of his career at Arsenal. "After that, I think the most important thing is to support the team, the club and win games".
The Scot and Frenchman headed one of the greatest rivalries in Premier League history as their teams constantly battled it out for domestic honours during their long tenures in charge.
"At the moment you can't look too much at the position because the points difference is very small", he said. Liverpool are too far ahead for everybody else.