The 63-year old Frenchman has been at the helm of the North London club since 1996 with his current contract expiring next summer.
Wenger's future has been clouded in recent times due to the Gunners' failure to win a trophy since 2005 but he remains clam on his tenure at the Emirates Stadium.
"We are in no hurry," said Wenger ahead of the weekend's trip to Sunderland. "We are in September and my contract finishes in June, there is a long way to go.
"There is no need to plan (any talks). I have said many times I want to do well with this club and in the end I will sit down and think 'how well have I done with the team I have had?' That has to be sufficient for me to decide yes or no.
"One of the main judgments you can have about a manager is how well he does with his team."