Arsenal will open talks with Nigerian forward Alex Iwobi in the New Year.
The 21 year old has three years left on his current £30,000 a year deal, but Wenger wants to secure the future of a young player who has made himself an important part of his plans.
Theo Walcott will come out of the shadows to feature in tonight’s Carabao Cup quarter final against West Ham at the Emirates.
Walcott has yet to start a league game for the Gunners this season, his only openings coming in the Carabao Cup and Europa League.
Wenger is expected to make changes for the tie, with both Aaron Ramsey and Shkodran Mustafi still out injured.
The Gunners boss said: “We have so many quality players who did not start on Saturday. The players who will start are basically all international players, so that is why the squad rotation makes sense. We have to show the trust and confidence in the players who did not start last week.