Wenger has admitted that the former Lens youngster is a hot prospect but believes that a host of teams will enter a bidding war to secure his services.
He told The Sun: "I don't really want to talk about Kondogbia too much because everyone's after him at the moment.
"When you ask 'Are you also interested?' what do you expect me to say?"
The Gunners have been linked with a string of holding midfielders in recent months, with Abou Diaby ruled out until at least December with a torn cruciate ligament.