Wenger has spent most of the summer fending off questions about the future of his prized asset.
Wenger addressed Sanchez's ongoing transfer saga and suggested that Paris Saint-German has dropped its interest in the Chilean in order to pursue a deal for Monaco star Kylian Mabppe. He is free to begin negotiating with foreign clubs as of January 1.
"He is an intelligent player who can integrate our game well as we have a game backed on mobility, technique and I think he can integrate that well".
Arsenal open the new Premier League campaign on Friday with a home match against 2015-16 champions Leicester City.
Asked if Arsenal have received bids for Sanchez this summer, Wenger said in a press conference: "I can't tell you that".
"People might say he had better players around him but let's not forget that Leicester won the league two years ago".
Wenger has suffered a blow already this season with contract rebel Alexis Sanchez suffering an abdominal strain.
Alexis Sanchez has also been ruled out with an abdominal injury and Laurent Koscielny is suspended as he's still serving his ban following his dismissal against Everton on the final day of last season.
As well as Sanchez, Wenger could be without a number of other key players for the season-opener and had fitness concerns over Mesut Ozil, Aaron Ramsey, Shkodran Mustafi and Per Mertesacker.
The Frenchman was questioned about female managers at a Football Writers' Association Live event on Wednesday night to raise money for the London Fire Relief Fund, and he said: "I'm personally convinced that will happen soon".
But he is no closer to shifting those deemed surplus to requirements as he believes many Premier League clubs are in the same position.
French second division club Clermont Foot had set the trend by appointing Helena Costa as their manager in May 2014.