The Russian may still play some part for the Gunners next season, while the boss confirms that Nicklas Bendtner, Sebatien Squillaci and Chu-Young Park will be "on their way"
The 31 year-old spent the second half of last season on loan at former club Zenit St Petersburg, having been heavily criticised by a section of Gunners supporters.
The Russia captain had been expected to leave the club this summer to create funds for further arrivals after the early signings of Lukas Podolski and Olivier Giroud but, despite not being included on the club's tour of the Far East, Wenger has not ruled out keeping him.
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However, other bit-part players have been deemed surplus to requirements, most notably French defender Sebastien Squillaci and South Korean forward Chu-Young Park, both of whom have failed to impress since arriving from Sevilla and Monaco respectively, whilst Danish striker Nicklas Bendtner, who spent 2011-12 on loan at Sunderland, is also available for transfer.
"Bendtner, Squillaci and Park will be on their way to go somewhere," Wenger confirmed.