Ahead of Saturday's lunchtime clash between Everton and Arsenal at the Goodison Park, Arsenal on Friday unveiled Arteta who had worked with Manchester City manager Pep Guardiola between 2016 to date as permanent successor to sacked fellow Spaniard Unai Emery.
Arteta played for Arsenal between 2011 and 2016 before his retirement and was club captain under Frenchman Arsene Wenger.
"As you know it will be good for them. I'm speaking from my experience with him at the U21," Iwobi told Premier League Production on Friday evening.
Despite his easygoing mien, Iwobi did reveal that Arteta could be a firm character albeit for the development of the players and team in general.
"He (Arteta) will let the players do the basic stuff and have them enjoy their game. He's very firm but at the same time will give the players that freedom to express themselves and it will help the team," Iwobi concluded.
Three-time UEFA Champions League winner as coach, Ancelotti was reportedly keen to be handed the Arsenal job but the board opted for Arteta who narrowly missed out to Emery in 2018.
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