The Gunners' boss is ready to smash their transfer record to sign the powerful Bosnia international next month.
And he is praying bitter rivals Manchester United can do him a favour by dumping the German club out of the Champions League next week.
Wenger has vowed to splash out on a proven goal-poacher, after top-scorer Robin van Persie was ruled out for four months by ankle trouble.
And Dzeko, 23, has shot to the top of his wanted-list, having blasted rank outsiders Wolfsburg to the German championship against the odds last season with 36 goals.
He has hit another 13 in the current campaign.