The Emirates boss has been a long-time target of PSG but Wenger maintains he will honour his contract at Arsenal, which runs out in the summer of 2014.
"It is the wrong information, believe me. I always honour my contract," The Sun quoted Wenger, as saying.
According to the paper, Wenger, who has been at the north London club since 1996, is suffering his toughest test at Arsenal with the team languishing in 10th spot in the Premier League.
And former Gunners boss George Graham has delivered a scathing attack on Wenger's flops, the paper said.
Graham said: "Arsenal have lost a lot of their confidence. Arsene is an attacking coach and when they are on top the football is phenomenal."
"But now they have been found out because not only have their quality attacking players been leaving the club but also the onus is on the club's defenders," he said.
"They are having to defend like they never did before because they were always on the ball, had the giant's share of possession, going forward and were scoring goals," he added. (ANI )