Talks with representatives for both players have been ongoing for some time but it has been claimed by the London Evening Standard that only about contracts that see Ozil and Sanchez move into the same pay league as the likes of Paul Pogba and Zlatan Ibrahimovic at Manchester United.
Wenger, talking in Switzerland ahead of his side’s final Champions League group game against Basle, said he believes there should be more to a top players’ ambition than simply earning a similar amount to their peers.
“I would like to say the luxury of the modern game should be it’s not only about the Money, because the players make anyway wherever they play good money at this level,” he said.
“I believe, personally, and maybe I am a bit naive, but it’s more about getting to meet the players’ needs.
“That’s about the way the club has values, the way the club has ambition, the way the club respects the players.
“So I think, for me, that is more important nowadays and an important ingredient for every player to consider. The money is good everywhere for everybody.”
Wenger said it was normal for negotiations to be ongoing as the pair enter the final 18 months of their current deals, and said Ozil and Sanchez had very little to do with the talks.
He said: “You know, nowadays, you negotiate with the agents more than with the player. We are in negotiations, yes.
“The players have 18 months away from the end of their contracts, so it’s normal.
The players always come in at the end, when it’s a renewal, because with the first contract you need the players.
“But after that, when you renew, 90% of the contracts are negotiated with the agents.”
Arsenal look set to finish runners-ups in Group A, with Paris St Germain only needing to beat minnows Ludogorets at home to assure themselves of top spot.
Despite that, Wenger has brought a strong squad with him to St. Jakob-Park, and hinted it can sometimes be more detrimental to rotate an in-form side following on from Sanchez’s hat-trick heroics in Saturday’s 5-1 win at West Ham.
“I keep the group together, whether players and staff. we have a squad that is united,” he added.
“I haven’t decided yet, honestly. It’s hard to give you an assessment on that. I have 24 more hours. But my main priority will be to win the game.”
The Gunners have not topped a Champions League group since the 2011/12 campaign and have been knocked out at the round of 16 stage for the previous six seasons.
Barring a shock result in Paris, Monday’s draw for the first knockout stage will once again see Arsenal at the mercy of the group winners.
Although, with the likes of Real Madrid, Bayern Munich and Sevilla sitting second, if the Gunners do top the group Wenger does not feel there is much difference in the final positions.
“The advantage of finishing first is you play the second leg at home, and possibly 30 minutes of extra-time at home.
PSG are favourites to beat Ludogorets at home and win the group, but we can assess that scoreline at half-time and see where we go.
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