Speculation is mounting that a Middle East consortium is preparing a huge offer to seize 100 percent ownership of Arsenal, but the club's manager Arsene Wenger is refusing to be drawn on reports that an offer is imminent.

According to the Daily Mail, the group hoping to buy the club met in London two weeks ago to discuss their proposed offer, which will reportedly be in the region of a gargantuan £1.5 billion, and maintain a genuine interest in acquiring Arsenal.

The consortium are reported to be ready to pledge significant funds to Wenger in the transfer market should they complete their takeover, although the Arsenal hierarchy are keen to resist any offers.

Arsenal's majority shareholder Stan Kroenke would stand to make a profit of £400 million on his 66.831 percent of the club, although the American businessman is reportedly not interested in cashing in.

Wenger, meanwhile, is not prepared to discuss specifics of any proposed approach to purchase Arsenal and says, if such a situation were to occur, he would not have any input in the potential negotiations.

"If people are ready to invest their money it means the club is not moving too much in a bad direction," the Gunners boss said, as reported by ESPN.

"I am nothing to do with it. I focus on my job, financial is down to the directors, shareholders and the owners.''

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