The Gunners boss did say he would be willing to consider loaning Hoyte if it meant he could play regular first-team football.
"At the moment, he is with us and we have no formal offer from anybody," Wenger said.
"There is interest here and there, but nothing concrete. I may let one or two go on loan because they need to play, it is part of education.
"It is not especially to get Premiership experience, but to play in the first team every week with that pressure.
"Then when we feel they are ready to integrate in the first team, they come back."