The Arsenal manager believes the 21-year-old can have a big future on the flank, even though the England international himself would prefer to be playing in central midfield
The former Southampton man has played in a variety of roles for the Gunners since joining the club in 2011, and had been mooted as a potential replacement for Mikel Arteta while the Spaniard is sidelined.
But while Oxlade-Chamberlain's favoured position is at the heart of midfield, Wenger is confident he can have as great an impact as David Beckham or Zinedine Zidane playing off the wing.
"I enjoy playing in central midfield but I'll play where the boss asks me to play," said Oxlade-Chamberlain when asked about his preferred position.
But Wenger interjected: "Beckham and Zidane played on the flanks and they turned out to be world-class players. Alex can be the same."
Wenger's declaration suggests Oxlade-Chamberlain is unlikely to deputise for Arteta against the Turkish giants, with the Arsenal boss confirming that his skipper had only suffered a "short-term injury" but would neverless miss Wednesday night's match.
Oxlade-Chamberlain has featured in all three of Arsenal matches this season, twice off the bench, though was withdrawn with the Gunners 2-0 down against Everton before the visitors embarked on a spirited comeback.