Fans protested before and during the Gunners' humiliating 5-1 defeat against Bayern Munich at the Emirates.
Their second successive European thrashing saw Arsenal crash out 10-2 on aggregate in the Champions league round of 16 tie.
It leaves Wenger's side with just a place in the top four and the FA Cup to play for now this season.
Beyond the summer though, there is plenty of uncertainty.
Arsene Wenger insists there is no need for drastic change at Arsenal
Arsenal's board have tabled a new two-year contract for Wenger, much to the frustration of many supporters.
The Frenchman is yet to decide over his future with only a few months remaining on his current deal.
A decision is reportedly wanted by the end of March, but there is also lots of hostility towards club chiefs including the likes of Stan Kroenke.
Stan Kroenke is under pressure from fans at Arsenal over the running of the club
Arsenal fans stage protest over manager Arsene Wenger
Tue, March 7, 2017
Disgruntled Arsenal fans have staged a protest over struggling manager Arsene Wenger
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Arsenal fans a stage protest over manager Arsene Wenger
I think this club is in great shape
However, Arsene Wenger has dismissed the idea of any major reform needed at Arsenal.
"What needs to change at this club? What do you mean by that?" Wenger asked.
"I think this club is in great shape but we’re just going through a very difficult situation at the moment.
Many fans protested before and during last night's tie about Arsene Wenger and the Arsenal board
"What needs to change is the result in the next game."
Wenger, 67, was also quizzed on his position and whether he will manage Arsenal again in the Champions League.
He added: "I don’t know. You’re always worried about headlines. I’m here to speak about football, not about my future."