The Frenchman has spoken out about the highly rated England international, confirming that his name is on a list of transfer targets for the north London club
Responding to recent speculation linking Gunners with a move for the winger, Wenger admitted that they had indeed been looking at Zaha, though "he is not more on the list than anybody else".
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Arsenal's apparent interest comes after Goal.com exclusively revealed that Manchester United were among the frontrunners for the 20-year-old's signature.
Zaha, who made his England debut in the recent friendly against Sweden, is rumoured to have been attracting the interest of a number of top flight sides in the wake of a string of stunning displays for Palace so far this season.
Wenger was also coy on the on-going situation regarding Theo Walcott's contract negotiations, claiming that there is "no new news" to speak of.