The Frenchman is out of contract in the summer and said on Friday that he would make a decision on his future in either March or April.
He also added, in the wake of their 5-1 thrashing at Bayern Munich, that he was not looking to retire at the end of the campaign and intends to remain in management next season, even if that was not with the Gunners.
Wenger, who became Arsenal boss in 1996 and is currently the longest-serving manager in England, insists he has plenty left in the tank.
When asked if he could follow in the footsteps of Sir Alex Ferguson, who retired after 26 years as Manchester United manager in 2013, Wenger replied: "Ferguson has some other interests in life and he was older than I am today. He was four years older, he retired at 71 and I'm 67."