Daily Express reports that Wenger is ready to spend £5m to bring in Toulouse full-back Serge Aurier to replace the unsettled Bacary Sagna.
The Gunners manager sees 20-year-old Aurier, an Ivory Coast international who also has French citizenship, as the solution to the contract impasse with Sagna.
Arsenal have refused to improve their offer of a one-year extension to Sagna’s contract at £60,000 a week.
Sagna’s current deal has 18 months to run, and Arsenal are not prepared to offer improved terms to a player who has had injury problems and turns 30 in a month.
Sagna has indicated he will be looking to leave in the summer, so Wenger has looked to France – his favoured recruitment area – to plan for the future. Talks are advanced with French First Division club Toulouse over Aurier, who is valued at around £5million.