Despite the growing levels of discontent among Arsenal's fanbase, Wenger - who led the team to FA Cup success - penned a fresh two-year deal.
Both players featured in the last match between the two sides at the Etihad where City comfortably won to sit eight points clear at the top of the table.
HERE is our combined Arsenal and Tottenham XI.
For two clubs who still struggle to compete with the real giants in the transfer market, it could be the decisive factor that determines which club is the pride of north London for the long term. And Pochettino has undoubtedly been more successful in developing young talent than Wenger has in recent years.
The 34-year-old claims Wenger can turn things around if given more time.
"It's not easy because now it's not like before where the teams, when they come to play against Arsenal, they were scared before".
It is believed that Man United may move for Ozil in January, in a bid to avoid having to participate in an open auction for the German in the summer, when he is free to move where he pleases.
The Daily Mail is reporting that Arsene Wenger has rekindled his interest in the England global amid growing talk of Sanchez completing a move to the Citizens.
Touching on the possibility of City going the whole season undefeated, Wenger cited his own "Invincibles" - the side that completed the 2003-04 Premier League season undefeated - as the only club to have achieved the feat.
Mattias is ESPN FC's Arsenal correspondent.