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Published 12:41 22 Mar 2017 GMT
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The Gunners haven't won a Premier League since Cole's departure, with a pair of FA Cup triumphs the only major trophies they have to their name since losing out on the full-back in 2006.
And that's a source of humour for Cole.
"If I'm honest, yeah, I still laugh to myself to this day," Cole said.
"I had a lot of history there and of course the way I left was maybe dodgy, but I think they showed me a lack of respect, too.
"I have to blame myself too. Perhaps I did things in the wrong way. But when I look back on it now I could blame a lot of parties and it's now 10 years ago."
Cole infamously said he was left "trembling with anger" after being offered a final contract offer of £55,000 a week by Arsenal before he accepted Chelsea's significantly better £90,000 weekly wage offer.
That figure improved to £120,000 after his 2009 contract extension negotiations and he is remembered a lot more fondly by Chelsea supporters than their Arsenal counterparts.
And in spite of the tense nature of his exit, Cole insists that he does not regret his time on the left side of Arsene Wenger's defence.
"No, I had a great time there and of course I miss the old players but I moved on and I won every trophy I could, so I wouldn't say I look back and regret it, no," Cole added.Quiz: Name every third place play-off winner in World Cup history
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