He confirmed at his press conference on Friday morning that he would make a firm decision on his position next month or in April, but was keen to stress that, whether or not he stays on at Arsenal, this season will not be his last in management.
"No matter what happens I will manage next season whether it is here or somewhere else, that is absolutely for sure."
Wenger, asked if he was offended by speculation about his future, continued: "No, because I'm used to it. I have a big job and I accept that..and I accept everyone can have an opinion on me."
The 67-year-old denied reports of a bust-up in the dressing room on Wednesday, adding: "There was no incident in the dressing room, apart from a huge sadness and disappointment.
"But we played against a good Bayern team and sometimes you have to give credit to the opponent as well."