Club legend Martin Keown has been very vocal about Wenger in recent weeks and even engaged in a furious on-air row with Sun journalist Neil Ashton on Thursday night, when Arsenal hosted City at the Emirates.
He has been in talks over a new deal and they have been progressing very well according to Wenger himself.
Wenger is under huge pressure after seven defeats in 13 games since the turn of the year, and the veteran manager has been slammed by fans and the media over the past week after back-to-back 3-0 defeats to Pep Guardiola's City.
The Gunners suffered another chastening 3-0 defeat at home on Thursday following a loss by the same scoreline in the League Cup final at Wembley on Sunday.
Brendan Rodgers insists his focus is exclusively on Celtic despite persistent speculation that he is a leading contender to take over from under-fire Arsenal manager Arsene Wenger.
Henry's name has been put forward as a possible candidate amid increasing speculation that Arsene Wenger will go in the summer and the former Gunners skipper has said he would be interested.
The Arsenal legend has been able to enjoy the finer luxuries in life wherever he has gone, and the new occupant of his former pad in Wilmslow will also be able to relax in style.
Last season, he led them to fourth place in the Bundesliga, their best-ever performance, notching their first-ever win over Bayern Munich along the way.
Arsenal desperately need to get back to winning ways when we take on Brighton & Hove Albion at the Amex Stadium on Sunday afternoon.
"They are a top-quality team at the moment, they are many points above everybody else, not only us".
It is also claimed another player in the team meeting said his team-mates needed more help from the coaches.
"He's the player, after Ryan Giggs, who has made most impact in the Premier League".
'Yeah it is, because previous year we won the cup and made 75 points, ' Wenger replied when asked if Arsenal were going backwards.
"I'm just amazed I'm always to answer things that are the same". "You could see that tonight".
"I think that there probably ought to be a change of management".