The England goalkeeper, 26, lost his place at The Emirates to David Raya last season and was expected to move this summer rather than spend another year on the bench.
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Southampton ended up winning the race for Ramsdale's services in the final hours of the transfer window and Arsenal were happy to let their No.2 keeper move on after signing Raya permanently.
But Ramsdale and Arteta parted on good terms, with the former stressing that he would always be grateful to the Arsenal boss.
He told talkSPORT: "I only spoke to him last week. What he did for me in my time at Arsenal I can only thank him for, and he thanked me for my contribution, not just myself but as a football club, getting back into the Champions League, pushing for a trophy.
"Ultimately, as manager’s do and top manager’s do, they have to make decisions which will upset people. He made that decision and we still speak.
"I’m obviously looking forward to getting some games under my belt here and we have Arsenal in a few weeks which will be a nice return."
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Ramsdale, who has penned a four-year deal with Southampton, was in fine form when the Gunners brought Raya in on loan from Brentford. The Spaniard was drafted into the team shortly after his switch and the decision to drop Ramsdale was one which caused uproar initially among fans and pundits alike.
But Ramsdale accepts that's part and parcel of elite level football, adding: "The manager’s decision is the manager’s decision. I tried my best to change his mind and force my way back in but his mind was set and, at the same time, David Raya had a great season.
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"You can have all the upset or qualms when you’re taken out but when someone else is delivering you’ve just got to take it on the chin. It was tough, but I have found a new home and I am looking forward to playing again.
"That’s what happened, you just move on. There’s no bad blood and you’ve just got to restart your career how you see fit."
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