Chelsea have joined Liverpool and Manchester City in their efforts to sign Arsenal and England midfielder Alex Oxlade-Chamberlain, according to Skysports.
Talks on a new deal have stalled in recent days, with no official offer yet from Arsenal.
Wenger has previously suggested he is keen to agree a longer deal for the 23-year old, whose contract runs out next year.
However, Oxlade-Chamberlain has grown increasingly frustrated at the lack of progress and is currently on holiday considering his next move.
He finished the season strongly for Arsenal in a wing-back role and played a more central role in his country’s recent international against France.
Meanwhile, Manchester City are preparing a bid to lure one of Europe’s top strikers, Pierre-Emerick Aubameyang, to the Etihad Stadium, according to Skysports.
The 28-year old Borussia Dortmund striker was set to join Paris Saint-Germain next month in a move thought to be around £60m. However the deal hit the buffers last week alerting Pep Guardiola to his availability.
City believe there are very few high-quality strikers on the market at present and Aubameyang, who scored 42 goals for club and country last season, could be a huge boost to their ranks.