The England international has been tipped for greatness for a few years now, while the Welshman is currently enjoying some of the finest form of his career.
Cazorla admits that the Gunners have a lot of strong midfield options due to the rich form of the British pair.
"Jack and Aaron are spectacular players," Carzola told Sphera Sports. "They are young, with an incredible future and Aaron's start to the season especially has been very, very good, scoring goals and adding many things to the team.
"Hopefully they can keep up this level because the higher level means increased competition and the team will benefit.
"And now with the recovery of Mikel [Arteta] and the arrival of [Mathieu] Flamini, the coach will have more options."
None of the trio was on show as Arsenal beat West Bromwich Albion on penalties in the Capital One Cup on Wednesday.