Goal.com exclusively revealed earlier this week that the Russia international wished to remain at the Emirates Stadium, even though a transfer remained a possibility with the Russian transfer window still open.
The 30-year-old has not been a regular for the Gunners this season and has failed to impress when he has played.
However, Wenger told reporters on Friday: “For me, no [Arshavin will not be leaving]”
The Frenchman also clarified injury-related questions regarding the fitness of winger Alex Oxlade-Chamberlain and left-back Kieran Gibbs.
He said: “We have a little problem with Oxlade-Chamberlain that we have to check today [Friday] because his knee jarred a little bit and we will see how he has recovered from it.
“Gibbs is nearly ready but what he lacks a little bit is confidence. He has not played since the beginning of October.
“He had two surgeries so I will have a little chat with him. He maybe needs a game with the reserves, I do not know yet.”
Wenger went on to reveal that he could make some changes to his side when they host Blackburn Rovers on Saturday, after a disappointing draw with Bolton in midweek.
He added: “A little bit yes because we gave a lot on Sunday against Villa and gave a lot against Bolton on Wednesday. I am thinking about it at the moment, yes.”
The Gunners have never been as low as seventh at this point in the season in Wenger’s 16 years of Arsenal management but, when asked about this, the 62-year-old put a positive spin on the statistic.
He continued: “The fact that we have never been in this position is rather a credit to me in 16 years so I do