The Frenchman has denied contact with les Parisiens and praised Carlo Ancelotti for guiding his side to the brink of Ligue 1 success this season
Following Sir Alex Ferguson's imminent retirement from Manchester United, Wenger is set to become the Premier League's longest-serving manager.
But after another trophyless season in north London, there were reports that the Ligue 1 big-spenders wanted the Frenchman to take charge, however, the Gunners boss is adamant that he will not breach his contract to replace Carlo Ancelotti at Parc des Princes.
"I have had no contact with PSG," he told BeIn Sport. "Carlo Ancelotti has done a good job and I do not see why he would leave the club by viewing the quality of his work this season.
"I followed their season. They have built their success on a form of individual superiority and the collective one that they found through the Champions League. In Ligue 1, they had a quite difficult journey.
"And for my part, I have a contract with Arsenal, where I have served for 17 years and I do not see myself leaving the club like a thief and not respecting my contract."
Ancelotti has been linked with replacing Jose Mourinho at Real Madrid, with the Portuguese coach believed to be set to return to Chelsea once the season is completed in Spain.