To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
Wenger is out of contract in the summer and weighing up whether to extend his 21-year reign amid growing fan unrest.
A section of supporters protested for the Frenchman to step aside ahead of Tuesday night’s Champions League clash with Bayern Munich and a humiliating 10-2 aggregate defeat to the German giants has only increased calls for a change at the top.
Arsenal chairman Sir Chips Keswick released a statement on Thursday insisting there will be no knee-jerk reaction, and any decision over Wenger's future will be a 'mutual one'.