It has been revealed that Manchester City is preparing a 37 million euro bid for the Barcelona star, who is widely expected to leave Camp Nou, but Chelsea joins Manchester United, Liverpool and the Gunners in also monitoring his situation.
Fabregas spent eight years with Arsene Wenger's side before rejoining the club who oversaw his development at youth level in 2011 and Cazorla believes that it would be a good fit for his Spain teammate.
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"I have read that Cesc could go to Chelsea but I prefer it if he came to Arsenal. He has given a lot to the club and he knows it well," the ex-Villarreal star told reporters ahead of La Roja's final World Cup warmup game against El Salvador. "I hope that he is happy, he chooses his club well and is comfortable there."
Cazorla argues that Fabregas's performances for Barcelona have not merited some of the criticism that has been sent his way and believes that he would be warmly welcomed back on British shores.
The playmaker added: "I don't see any differences between his performances in the Premiership and with Barca.
"His record is spectacular at Barcelona and he has demonstrated that he has adapted but they haven't given him the same value as in England."