The Gunners are currently fighting for a top-four finish with Chelsea and Tottenham Hotspur, whom they meet in Sunday's North London derby.
Wenger believes that the Premier League remains the ultimate test and is adamant that his current crop are good enough to establish themselves as title contenders next season.
He told Sky Sports News: "There is only one trophy and that is the championship. The real value of the team is where you finish in the championship.
"Let's see where we finish and then let's see how we can strengthen the team. If it was just sorted out by the numbers, you would always have Chelsea or Manchester City champions every year. Chelsea finished sixth last year, and that is the real value of the team for me.
"What is important now is to see where we finish and after that strengthen the team and come back and fight for the championship. I think we have the basis. If you are really interested in deep analysis of the team's potential, I can sit down with you and show you why we have the potential to do it and then we can have another discussion again."
The Gunners are in fifth place going into this weekend's fixtures, two points behind Chelsea in fourth.