The Gunners boss claims negotiations "went well" with the club's chief executive Ivan Gazidis but admits his future at the Emirates Stadium will be based on his success.
Wenger's current deal expires at the end of next season, and while he confirmed negotiations have taken place with Arsenal's chief executive Ivan Gazidis, he insists his position will come under threat if the club fails to progress next season.
“The talks went well, and it’s not a problem. But I will not use my longevity as an advantage to stay in this position if I don’t do well," Wenger told reporters. “My future will depend on how well I do. I don’t just assume I will always be here.
“I’ve always shown my loyalty to this club, and I don’t need to prove anything on that. But I want to do well for Arsenal so this is an important season for me.”
Wenger also played down reports that claimed he was keen on a move to Paris Saint-Germain this summer, before the French champion appointed Laurent Blanc as the successor to Carlo Ancelotti.
“People are always linking me with PSG, because I am French and I know the owners," Wenger said. “But if I wanted to go to PSG I would be there already. I’m not, because my heart is with Arsenal and they are always my priority."