Wenger: Ready to stay in the Highbury hotseat (Alex Livesey/Allsport)

Wenger had claimed that club management would be impossible under the four-month notice and one-year contract ruling and that he would walk away from the job if those conditions were imposed.

Arsenal want Wenger to sign an extension to the contract that runs out next June and his reaction to the transfer recommendations appear to give them hope.

'It is more positive than I expected,' said Wenger. 'It is not the worst agreement that it could have been.

'We will have to see how it works out when put into practice, but it looks like it is still possible to have stability. I feel that a club without stability goes nowhere.

'Football is a special sport. It is not like American sport, where one-year contracts are usual. It is not like basketball, where one player can make a difference.

'In football, only the team can make a difference. It is vital for the quality of the game that stability survives.

'You can look back at how things have gone for Thierry Henry and Sylvain Wiltord. It takes time for a footballer to settle in and develop partnerships with new team-mates.

'If you see the reports about Thierry in his first three or four months in England, then you would say it was a bad buy. It was the same with Sylvain but now everyone has changed their mind.

'That shows you need time. What I was always fighting was that a player could move after three or four months. If that had been the case, maybe they both would have moved out.

'The responsibility of every club is to build a team and you might look at the end of a season and say, okay, maybe we need to strengthen the team with one player. If six or seven go out, what can you do?

'With this new system, it could well be that I will stay in club management. I have read the report carefully and I think that it is still workable.'

The outcome of Arsenal's FA Cup sixth round clash with Blackburn is likely to be a factor in Wenger's decision concerning the presence of Dennis Bergkamp in Germany next Wednesday for the Champions League showdown with Bayern Munich.

Bergkamp is keen to be part of the squad, as he was when Arsenal went to Lyon three weeks ago. Wenger blocked that idea because he felt the overland excursion would be too tiring for his non-flying Dutchman.

But Bergkamp said again after the 1-0 win over Spartak Moscow that he is willing to make the journey and this time he may have his wish granted.

Much will depend on whether there is a definite result at Highbury. If that is the case, the chances are that Wenger will allow Bergkamp to make his way to Munich in a chauffeur-driven car to link up with the rest of the squad.

But if their First Division opponents earn a draw, Bergkamp is likely to be left at home because Arsenal would face a rearranged Premiership game with Aston Villa at noon on Saturday, brought forward from Sunday, followed by the replay in Blackburn on Monday night.

'I haven't decided yet and I will take the situation as it comes,' said Wenger, who has a slight doubt concerning Henry, who has injured the small toe on his right foot. Even if fit, he may not make the starting line-up.

Another of Wenger's strikers, Nwankwo Kanu, is away on international duty with Nigeria.

'As far as Dennis is concerned, I prefer that, usually, he does not travel. Munich is not an easy place to get to but I will see after the Blackburn game. But nothing is definite. If I have no strikers available after tomorrow, then he goes. I have not ruled it out.'