The 26-year-old German international has been heavily linked with a move away from the Bundesliga this month, until 'Poldi' stated his intention to consider his future in the summer.
After completing a short-term deal to re-sign club legend Thierry Henry, it is understood that Wenger was prepared to wait until the end of the season before renewing his interest in Podolski.
However, after a series of emails from Lokomotiv officials were leaked to the Russian media, it has emerged that the Moscow-based club will make a lucrative offer to sign the in-demand forward, 18 months after having a modest bid of £8million turned down.
With 14 goals in 16 games during the first half of the 2011-12 campaign, Podolski's chances of making Germany's Euro 2012 squad this summer are looking good, and the striker is determined not to risk his chances of inclusion by moving mid-season.
It now seems likely a summer auction will ensue, and with Lokomotiv able to offer more funds and a huge wage package, Arsenal are realistic enough to know they will struggle to compete for Podolski's signature.