This is the second week of the winter transfer window, and Wenger has the opportunity to cash in on some of the dead woods in his team.
Reports have emerged that Crystal Palace are desperate to complete a loan deal for Carl Jenkinson.
Jenkinson, 24, has been strongly linked with a loan move in recent weeks after falling out of favour at the Emirates.
Watford, West Ham and Swansea have all been linked with the England international, but the Daily Mirror say Palace lead the race to secure his signature.
Following his long-term absence from Arsenal due to injury, Jenkinson has struggled to improve upon his performance and so a loan move seem the best for the star.
The South Londoners make the trip to the London Stadium on Saturday to face West Ham before taking on Bolton in their FA Cup third round replay.