The Frenchman claims Russia could slip up against Israel in Tel Aviv on Saturday which would throw Group E wide open and boost England's chances of securing their place in the finals in Austria & Switzerland.
"Overall I hope it will go well for England, because I know the discussion which will come out if it does not go well is always the same.
"I feel England have quality and I hope they will go to the European Championship."
However, Wenger believes England's potential failure to reach a major competition for the first time since 1994 could end up being a blessing in disguise.
"It would, of course, be a massive blow if they did not make it," he added. "But it happened to France in 1994 - they did not go to the World Cup and then won the World Cup in 1998.
"So it would be a massive disappointment, but football will go on.
"Here even the day after a big disappointment, there is always hope for the future, that England can win the next competition.
"That is for me the biggest charm in this country."