Having broken the club's transfer record to sign Real Madrid midfielder Mesut Ozil for £42.4 million on transfer deadline day, the Gunners are now making Wenger's future their number one priority.
The French tactician's deal is set to expire at the end of this season, and fans had called for talks to be shelved - prior to Ozil's arrival, that is.
Arsenal fan groups had released statements calling for 63-year-old Wenger’s contract to be put on the back burner after the opening-day defeat against Aston Villa.
But those fans fears have been allayed somewhat with the deadline day capture of Ozil, and owner Stan Kroenke and chief executive Ivan Gazidis believe the signing merits Wenger's contract talks to be re-opened as a priority.
Prior to completing his north London switch, Ozil made it clear that Wenger was a key factor behind his decision to join Arsenal, while club captain Jack Wilshere has previously admitted that if Wenger were to leave, he'd consider his future too.
Wenger could be set to make yet more shockwaves in the transfer market when the window re-opens in January, with a reported budget of £40 million at his disposal.
With Arsenal launching unsuccessful bids for Luis Suarez and Wayne Rooney over the course of the summer, plus a failed deadline day swoop for Chelsea striker Demba Ba, it's clear that Wenger wants to add firepower to his squad - and a big January signing is not out the equation.