Wenger is 67 years old, and there's a good chance the Arsenal job will be his last. Arsenal were beaten 3-1 by West Brom at the Hawthorns on Saturday afternoon and the result saw the Gunners slump to sixth in the Premier League table.
It had been thought that the experienced manager had made a decision to step down, but according to The Mirror, Wenger wants to stay with the Gunners and will put pen to paper on an extension to his current deal, which expires this summer.
Whether it is Wenger or another manager at the Arsenal helm in August, they are unlikely to have Champions League football to plan for on the evidence of Saturday's dismal performance by a team embarrassingly short on spirit and determination.
We can expect plenty of repurposed memes of the famous line from the Wolf of Wall Street in the coming days as reports have emerged that Arsene Wenger has finally arrived at a decision with regards to his Arsenal future.
Asked why he thought Wenger would stay, Pulis replied: "Because he told me".
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But I was just hoping I would get the opportunity again and now it has come I am delighted. In this team I believe there will be a lot of chances to score goals.
"That's not true", an Arsenal spokesman told Germany's Sky Sports News.
Wenger's contract expires at the end of this season and he's yet to sign an extension, and he has now revealed he is close to clarifying whether or not he'll stay on as manager.
Rival groups of Arsenal supporters paid for planes trailing banners that were both critical and supportive of him to fly over the stadium during the game against West Brom.
Some reports are suggesting that a one-year deal is to be announced, which will no doubt anger fans, and as much as I don't think they are guessing, it makes sense. "I've done the top four twenty times, it is not that". "It's more, it's not that", said the Arsenal boss. "It's more. It's not that", he said. As long as I am at the club, whether for two more years, 10 more years or four more months, that will not be different.