Chairman Peter Hill-Wood said the Frenchman's future was in no doubt despite another trophy-less season.
"Arsene's future is not in question, although I am sure there will be people who have nothing better to do trying to suggest it is," Hill-Wood told the Daily Star.
"He has another season left on his contract and if he was to ask for an extension we would be delighted.
"But he hasn't discussed it with us and we haven't discussed it with him. There are other things to think about."