The Arsenal boss has been discussing the 19-year-old talent.
Indeed, the teenager has shone for the north London side of late and Wenger is delighted with his progress - considering the fact he joined Arsenal as a child.
The Frenchman told reporters: "I’m happy that Iwobi is one of them [young players with Arsenal values], he arrived here at the age of seven or eight, he’s completely integrated into the way we want to play football. He’s worked with us since the start of the season, it showed in the way he plays.
"Fearlessness is one of his qualities, he’s also very mobile and a midfielder who is creative but also a finisher. I believe that the quality of his receptions is very good, he gets into space."
Iwobi has certainly been a bright spark for the Gunners lately, just as Hector Bellerin has been at the Emirates Stadium this season.
But that's Wenger's speciality, isn't it? The Arsenal boss will always promote youngsters to a good level - but will never quite create or recruit the world-class player needed to take the north London side to the next level.
Arsenal's 4-0 win over Watford summed up everything about their mentality. In a must-win game during the FA Cup, the Gunners buckled under the pressure against the very same team.
In the Premier League, though, when no trophy is in sight and a win simply helps secure top-four football, Arsenal are at their best...