The Gunners are four points clear at the top of the table as they chase their first championship since 2004 but the Frenchman is wary of the Tigers' threat.
Victory over Cardiff City on Saturday moved the Gunners seven points clear at the top of the table, although that lead was cut to four points by Chelsea a day later.
Wenger's men have not won the title since 2004 and the Frenchman insists that his sole target at present is ensuring that his side claims a sixth straight home Premier League win against Steve Bruce's Tigers - who beat Liverpool last time out.
"It's a bit early to make a prediction on the title," he remarked to reporters. "If we can maintain our concentration, we have a chance. What is important is to be at our best in the next game. I don't see beyond that.
"Hull have done very well and they have nothing to lose when they come to us. We have a warning from the Liverpool game. Hull are very dynamic going forward and on set pieces they look strong as well."
Wenger also revealed that Bacary Sagna will not face Bruce's side due to a hamstring injury, with Carl Jenkinson expected to take his place at right back.
Meanwhile, Lukas Podolski, who has been out since August with a hamstring problem of his own, is expected to return to training after the Hull game.