The Gunners are in need of a new central defender with Per Mertesacker retiring and Laurent Koscielny, who is forever troubled by an Achilles problem, entering the twilight period of his career, but Wenger is anxious a deal for the £25m-rated Evans may be hijacked by fellow interested party Manchester City, who he admits can blow Arsenal out of the financial water.
'It would only be philosophical to talk about [Evans] as long as we do not have any agreement with anybody.
Evans was tasked with man-marking Robert Lewandowski at Euro 2016
"Look, [the biggest challenge is] to see off any interest of any other club", he said.
"When solicitations happen you respond, at the moment it's very quiet". I don't know if Manchester City are in for anybody.
Sources have also told ESPN FC that City could conclude a deal for Sanchez by the end of the week but, while Wenger indicated that there had not yet been a bid, he suggested Arsenal could cash in on the Chile forward this month.
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He does see a short-lived drop in prices in late January, but expects prices to rise again after Valentine's Day. West Texas Intermediate last week settled above $62 a barrel for the first time since December 2013.
And when probed about whether Arsenal would be willing to sell the Chile worldwide, he said: "I have nothing to add to what I said before on that". Despite his history with United, where he spent the entirety of his youth career and made over 100 first team appearances, it has been reported that the 29-year-old would prefer a move to City ahead of a switch to Arsenal.
Arsenal lost 4-2 to Championship side Nottingham Forest in the FA Cup third round on Sunday.
The north Londoners have conceded 28 goals in 22 Premier League games this season.
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A ball playing centre-half, Evans fits with the way both Wenger and City manager Pep Guardiola want to play.
Missing Texas journalist Courtney Roland has been found
She originally went missing Saturday night after reporting on a football camp, and her friend called the Police the next day. Express UK reports Ms Roland's mother received a suspicious message from her daughter's phone. "I am buying an iPad".