The Frenchman will come to the end of his current deal next June, but the 63-year-old, who was present at the unveiling of £42.5m signing Mesut Ozil today, has insisted that he is not considering his future just yet.
"We are not in a hurry," Wenger said in a press conference. "My contract finishes in June, it is September now. That is a long way to go.
"There is no need to plan, I want to do well for this club. At the end I will sit down and think how well I did with the team I had and that will be sufficient for me to say yes or no."
The Gunners have not won a trophy in eight years, but Ozil has claimed today that the North London outfit are capable of clinching the Premier League title.