The Gunners boss says he would rather be rewarded with new terms based on his achievements over the current campaign, despite having just 10 months left to run on his current deal
The Frenchman's contract expires at the end of the season but he insists he will not allow the situation to distract him from his mangerial duties.
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"My own situation? We are not in a hurry. We are in September and my contract ends in June," he told reporters.
"There’s a long way to go. There are no talks planned. I want to do well for this club, at the end I will sit down and decide how I have done for this club. Then I will say yes or no.
"You judge a manager on how he does with his team."
Wenger's Arsenal side face Sunderland on Saturday as the Premier League gets back underway following the international break.