The Frenchman has been much linked with Paris Saint-Germain, with the possibility of working in the capacity as a general manager for the French champions.
But as he attends a host of games at the World Cup in Russia, it could be a role as the head of a national team that is Wenger's next managerial challenge.
With the usual frenzy surrounding the 50% of teams that will exit the tournament at the group stage, it is quite possible that a coaching role could arise fairly soon should Wenger wish to take it.
The manager, who won 3 Premier League titles and 7 FA cups in his time with the Gunners, is also rumoured to be a front-runner for the top job of the French national side, should they faulter under Didier Deschamps's direction.