"In our situation, we have envisaged every solution".
It's understood Wenger is also coming under increasing pressure from his board to recoup money for at least one of the pair, with City hearing Ozil's huge wages has his admirers willing to sit tight and obtain him on a free transfer next summer.
Ozil has been linked with a move to Fenerbahce while Jose Mourinho is keen to bring him to Manchester United but Wenger insists the German wants to stay with the Gunners.
'I always said the fact that we didn't find an agreement past year doesn't mean the player will necessarily leave.
"The player looks happy. Talks are going well".
The Germany global is expected to be available against Watford on Saturday, however, although it's unlikely that Wenger will put him straight back into the starting line-up.
"It is possible", Wenger told a press conference ahead of his side's trip to Watford on Saturday.
Chile lost 3-0 to Brazil and were edged out of the play-offs by goal difference.
"I will have to speak to him", said Wenger.
"I am more concerned that yesterday afternoon I watched the whole game, Brazil against Chile, to see how hard the game was and I must say he got some special treatment in this game".
Sanchez was part of the Chile team that were eliminated from the World Cup on Tuesday - in part due to an error for Colombia by his Arsenal team-mate David Ospina - and will be assessed for both his mental and physical state when he returns to England this afternoon. It was a very physical game.