Despite coming into the final year of his contract soon, Arsenal will be looking to secure as much as possible for an English player who could still reach his full potential.
The Gunners are set to offload many of their first team players like Alex Oxlade-Chamberlain, Kieran Gibbs and Olivier Giroud while Wenger is set to receive a record £200 million to spend in the summer.
The 23 year old has had his best season in terms of goals and assists, and has caught the eye playing more centrally, rather than out wide, somewhere Wenger sees him in the long-term.
Oxlade-Chamberlain has recently returned from a hamstring injury but has not started a game since the 3-1 defeat at West Brom before the global break.
"We bought him from Southampton when he was young and built him up".
Jurgen Klopp swiftly moved to declare this "nonsense", before the Liverpool Echo suggested Oxlade-Chamberlain was being "monitored" at the beginning of March.
Santi Cazorla's injury has given Oxlade-Chamberlain a chance to play regularly and he has looked impressive in centre midfield, breaking at speed with the ball and setting up teammates on multiple occasions.
Granit Xhaka and Mohamed Elneny were preferred as Wenger's two holding midfielders in the win over West Ham last week and they performed well together.
"He is very critical of himself and he works on it", said Wenger. "I played him a few times a few years ago and I think he did well".
He said: 'He can penetrate and in midfield that is important. The versatile playmaker needs a move away from the Emirates Stadium to reignite his game and a move to Anfield could be the flawless fit. The Mirror reports that Alexander Lacazette is Arsenal's top target along with Jordan Pickford, Wilfred Zaha and Celtic's Moussa Dembele. "Because he has not enough experience in that position".
If he does take that decision when the transfer window opens in June, there will be no shortage of suitors who have been circling around the player in recent weeks.
Arsenal don't want to lose him and have slapped a £35m price tag on his head.