Arsenal’s majority shareholder Stan Kroenke remain 100 per cent behind Wenger, according to the Daily Mail.
The Arsenal board believe Wenger is the man to revive the club’s fortunes.
Wenger’s current contract with the Gunners is set to expire in the summer of 2014.
Arsenal have been linked with the likes of Mario Goetze, Lukas Podolski, Eden Hazard and Matias Suarez in recent months.