The former Manchester United, Real Madrid, England and LA Galaxy midfielder is training with the Gunners at their Hertfordshire base but is simply there to gain fitness and be used as a role model to the clubs young guns rather than become an Arsenal player himself.
"That is not on the agenda," Wenger said. "He asked to come here to get fit. (It's) purely for fitness.
"There's no speculation about signing or anything. Maybe in June he has plans to play somewhere."
He added on the club's official website: "He's fantastic.
"The young English players look at him and take his advice on board. His positive advice.
"This guy has a fantastic quality, has done the maximum of his career that you can do. Why? Because he loves football. After training he stays and plays."