Arsenal have been put off by Manchester United's asking price for Anthony Martial.
The London Evening Standard says the Gunners are unwilling to shell out around £60million and will pursue other options instead.
After signing Henrikh Mkhitaryan, Pierre-Emerick Aubameyang and Alexandre Lacazette this season, Arsenal want to improve their spine.
A central midfielder and centre-back are the main priorities, and a long-term option in goal is also needed.
Wenger enquired about Martial as part of the swap deal involving Alexis Sanchez but was told United would not let him go.