The Frenchman's contract is up at the end of this season but reports this morning suggested he has chose to stay at the Emirates.
Arsenal haven't won a Premier League title since 2004 and are in the midst of a slide, bowing out of the UEFA Champions League against Bayern Munich and suffering a 3-1 defeat at West Bromwich Albion on Saturday.
It had been thought that the experienced manager had made a decision to step down, but according to The Mirror, Wenger wants to stay with the Gunners and will put pen to paper on an extension to his current deal, which expires this summer.More news: Authorities seal 2 slaughter houses in Allahabad
The Mirror report that the Gunners boss, who admitted on Saturday that he has finally decided on his future at the club, wishes to remain at the Emirates despite this season's domestic and European struggles.
And while fans went back and forth on whether Wenger was hinting that he was staying or leaving, reports have since suggested that it is the former.
Arsenal have not approached Borussia Dortmund coach Thomas Tuchel about replacing Arsene Wenger, sources have told ESPN FC.More news: ICE Releases List Of Sanctuary Jurisdictions Set To Lose Federal Funding
"That's not true", an Arsenal spokesman told Germany's Sky Sports News.
Arsenal have been linked with a number of esteemed managers in recent months and Smith thinks they will have no problem attracting the cream of the crop to north London.
Speaking on BT Sport's Premier League Tonight show, Redknapp said: "Sanchez is not happy - whether he likes the manager or not, it doesn't look like it to me". A plane was flown over the stadium that read: "No contract #Wenger Out".More news: United States travel restrictions will affect Montreal flight: airline
"You will see. Today I do not necessarily worry about that, we are in a unique bad patch we never had in 20 years". So if you get away from one of the blocks you are running at a standing object and [with] someone with a standing jump working against a person with a running jump, I'll bet my bottom dollar the person with the running jump will score. It's more, it's not that, " he said. "That to me is far more important than my future". 'It's not the last result that will decide what I will do.
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