The Frenchman is keen to keep the winger but says depending on circumstances he may sell the Englishman.
“I still hope to sign him and the next two months will be vital because after that, the longer this situation lasts, then the more difficult it is,” said Wenger.
“Let’s hope we can find a solution in the next two months.
“Would we consider selling Walcott in January? It will depend on the needs of the team and the club. We can afford to go to the end of the contract if needed.”
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.