Incredible," said Moyes. "His record is fantastic. He is up there with Mourinho and Alex (Ferguson).
"What he's done can't be done in a year or two years by any manager. We'd all like to reconstruct a club quickly but it just can't be done. It's quite easy to deconstruct one quickly if you don't make the right appointments and you keep chopping and changing."
Wenger has received criticism for prioritising a regular top four finish — he's never failed to qualify for the Champions League — ahead of domestic cup success, but Moyes understands his argument.
"The year we finished in the top four I didn't get a trophy to run round Goodison, but it nearly felt like that," said Moyes.
"I knew if we'd got through the qualifier it might have changed Everton's world. It might only have changed it for a couple of years but it might have taken us up a notch with the money we might have taken that one year. So by keep getting in the Champions League, it keeps funding what you are going to try and do for the next year or two because the money at that level is far greater than anything else.
"I don't know how much you get for winning the League Cup but it's not going to be much is it? You get the silverware which we all want but if you asked do you want to win the League Cup with no dough or is it better to be in the Champions League with the cash, I bet you it's a question a lot of supporters might find difficult to answer."
The delay in Moyes' contract talks is starting to cause concern for Evertonians, particularly as retirement rumours regarding Ferguson grow and the Goodison manager is seen as a possible successor.
He says he will meet chairman Bill Kenwright in the New Year.
"I will probably wait until we have got over January and see how things go," said Moyes.
"I want to see what we're going to do, where the club are looking to move to in the future."
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