Wenger signed a new three-year contract extension in May last year, and the club may offer him a further two-year deal that will take him to June 2017 and his 70th birthday.
By that point he will have been in charge of the Gunners for 23 years and the club hierarchy have apparently already started to make plans for replacing him at that point.
That has led them to eye former star Patrick Vieira as a potential replacement, with them thought to like the path of succession that is currently being tried at Old Trafford with Ryan Giggs learning from Louis van Gaal, according to the Mirror.
They would like to see a similar thing with Vieira and Wenger, with the midfielder learning from his former boss and then replacing him in future.
It could be a tempting one for the Frenchman has well, with the opportunity to take up the reigns at the Emirates sure to be enticing to him as it is a significant step up from his current role working with City’s youngsters.
And it seems that Wenger would be keen on his former general replacing him in the dugout, with him earlier this week saying he has the qualities to be an outstanding manager.
“I spoke a few times with him, I think he has the qualities to be an outstanding manager,” he told arsenal.com.
“When I speak to him he looks like he enjoys it very much, so I wish him well. Patrick is now 39 I think, that's a good age. He is old enough to start.”
City though, are aware of Arsenal’s interest, and could move to secure Vieira for the future, with the club’s senior executives valuing him very highly and keen to keep hold of him.