Although the former Monaco boss has stated that he is committed to the club, it appears that the matter will not be sorted until the end of the season.
With continued question marks over whether Wenger will be at the Emirates Stadium next term, reports of an appealing job elsewhere have emerged.
The Sunday People claim that the French Football Association have earmarked the Arsenal manager as their next head coach and want to appoint him after the World Cup.
The same story suggests that former Arsenal midfielder Patrick Vieira would be in the running to replace his former boss.
Wenger is said to have had a life-long ambition to manage the country of his birth, with the chance to lead the side to Euro 2016 something he will have to weigh up.