'Rocky', who was just 33 when he lost his battle with non-Hodgkin's lymphoma, won two league titles and a League Cup during a successful seven-year career at Highbury.
Rocky road: Rocastle played 277 games for Arsenal over seven years
'It's just amazing that it's already ten years because I remember when it happened, and how quickly it happened,' Wenger said.
'I couldn't believe when they told me it was ten years ago, but we never forget. '
Rocastle was best known for his electrifying pace and natural ability, and was an ever-present in George Graham's Arsenal side which famously clinched the old Division One title at Anfield in 1989.
Winner: Rocastle was a key member of the Arsenal side which won the old Division One title in 1989
He scored 34 goals in almost 300 games for the north Londoners, and his talent didn't go unnoticed at international level, representing England on 14 occasions.
'He was a modern player, because the revolution of the game has gone to more technique, and more skill,' Wenger added. 'Rocastle not only had an exceptional dimension as a footballer, but as well a human dimension. Everybody liked him.'
The midfielder died on the morning Arsenal hosted north London rivals Tottenham in the Premier League - and it was perhaps fitting that Robert Pires, who was wearing Rocky's No 7 shirt, went on to inspire a Gunners victory.
Paying their respects: Arsenal and Spurs observe a one-minute silence ahead of their Premier League game in 2001
A firm fans' favourite, Rocastle's name is still chanted on the Emirates terraces - something which hasn't gone unnoticed by the current crop of Arsenal stars.
'Its amazing to c how u guys respect the players even when they r not here & remember what theyve done for the club... Big respect for that,' club captain Cesc Fabregas said on his Twitter account on Thursday.
Sportsmail's Martin Keown played alongside Rocastle at Arsenal, and the former Gunner admitted he felt guilty after being informed that he'd passed away.
Up for the cup: Rocky won two league titles, and a League Cup during his time at Arsenal
'He was a revelation. The crowd loved him because he had that combination of spirit, determination, and brilliant ability on the ball,' Keown said.
'I remember feeling guilty myself, being able to play. Here I was, wanting to carry on playing football, and he couldn't even carry on his life.
'We got to the FA Cup final that year, and his son came on the pitch with us, and we were desperate to win it for his son.? We lost against Liverpool, but we made up for it the following year when we won the Double.'
WATCH ROCKY'S MEMORABLE CHIP IN THE 1-1 DRAW AT OLD TRAFFORD IN 1991 ?Like father like son! Van Persie shown how it's done by his kid Shaqueel, 4Arsenal line up free swoop for Buffon as Juve look to offload keeperArsenal FC news. features and opinion ?Explore more:People: Robert Pires, Cesc Fabregas, Arsene Wenger, George Graham, Martin Keown Places: Liverpool, London, United Kingdom
Source: Daily Mail
Source: Daily Mail