The Gunners boss is expected to continue despite the large hostility among fans following last night's 3-0 defeat at Crystal Palace.
Hopes of Champions League qualification are fading for the sixth-placed side, but a big transfer window is set to ensue.
Express Sport understands there is much uncertainty and division behind the scenes at Arsenal over Wenger's future, although it appears targets to sign are being lined up.
Alexandre Lacazette and Wilfried Zaha are among those being watched by Arsenal ahead of the summer
On their radar is Lyon ace Alexandre Lacazette, who is the Gunners' top striker target
According to the Mirror, £100million is set aside to spend this summer, with sales of an array of first-team players bumping their budget up to around £200m.
On their radar is Lyon ace Alexandre Lacazette, who is the Gunners' top striker target.
Meanwhile, two Celtic men are wanted too, with left-back Kieran Tierney and forward Moussa Dembele being watched.
Arsenal have apparently joined north-London rivals Tottenham in the race for Crystal Palace winger Wilfried Zaha too.
The ex-Manchester United attacker shone against the Gunners at Selhurst Park last night and Arsenal are admirers.
A goalkeeper is on the agenda too at the Emirates, with Sunderland's Jordan Pickford and Stoke's Jack Butland on Wenger's radar.
The Black Cats shot-stopper has many clubs eyeing him, and with Sunderland likely to be relegated, Arsenal could swoop.
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Butland has been sidelined for 13 months with injury but claims he is ready to feature in first-team football again from this weekend.
To help fund Arsenal's desired transfers, Wenger may cash in on contract-stalling Mesut Ozil and £20m West Ham target Jack Wilshere.
Olivier Giroud, David Ospina, Lucas Perez and Alex Oxlade-Chamberlain are also among those who may all be sold.