The French FA are looking to recruit Wenger as their new head coach after the World Cup, offering him the chance to lead the team to the Euro 2016 championships, which France is scheduled to host.
Although Wenger has agreed a two-year deal in principle with Arsenal, he has not yet put pen to paper and could just as easily decide to leave when his contract expires in June.
Managing France has always been an ambition for the Wenger and leaves the Arsenal manager facing a huge dilemma. Wenger was already considering his position as Arsenal manager after suffering a humiliating 6-0 defeat to Chelsea last week.
Reports have suggested that Wenger wanted to wait to see where Arsenal finished this season before agreeing a new deal and will leave if he fails to guide his team to at least fourth place.
Although clubs like Barcelona, PSG and Real Madrid will all fall over themselves in an attempt to hire the Frenchman, it is thought that Wenger is not keen on taking on a new club project, but would consider fulfilling his dream of managing Les Bleus.
Regardless of Wenger's decision, current French coach Didier Deschamps is expected to leave his position after the World Cup. France only just qualified for the World Cup after an epic comeback against Ukraine in the play-offs and aren't expected to go far this summer.
Wenger has always stayed loyal to Arsenal despite having offers to leave for clubs with bigger budgets on offer. The Frenchman claimed that loyalty is still strong at the weekend but would not lay rumours of a potential exit to rest.
“I told you many times that my commitment is not questionable, and I have given my word,” Wenger said. “I always respect my word – it’s as simple as that.”
But asked whether that meant he was staying, Wenger replied: “Yes, unless I decide otherwise.”
A potential candidate to replace Wenger has emerged in the form of Patrick Vieira, who could return to the club he captained to their last Premier League title in 2004.
Vieira is developing into a very promising young coach at Manchester City and a plan to install him under a director of football is being put in place as a contingency plan should Wenger decide to quit.