Ending his football career at Arsenal in 2016, Arteta joined Guardiola’s backroom staff as an assistant coach and the two Spaniards have gone on to enjoy more glories with the Etihad outfit.
With Guardiola stressing his fellow countryfolk shares the same idea with him in the sport, he believes the former Everton player is likely to be his successor.
“I'm pretty sure [he'll succeed me]. He will have success," he told UK media.
“Sooner or later it's going to happen [Arteta becoming a manager]. He's a young, young manager. He has experience already, handling big players and big teams.
“He's got an incredible work ethic. He has a special talent to analyse what happens and to find solutions. We talk a lot about what he believes and how he feels.
“He's so happy when we win but suffers when we don't and that is why he tries to find a solution," he said.
“He's an incredible human being, with incredible values about what it means in the locker room to be together, and he is already an incredible manager and he'll have incredible success in his future.
“We see the football in really quite a close way."
Spending three years with Manchester City, Guardiola and Arteta has flourished with the side as they have won two Premier League titles, two EFL Cup trophies, an FA Cup and two Community Shields.
Eyeing a third consecutive Premier League title for the season, the Citizens are five points adrift current leaders Liverpool but will hope to close in when they welcome Quique Sanchez Flores' Watford on Saturday.