The 26-year-old star is reportedly wanted by a host of teams in the Premier League.
Holders are through to the last 16 after being given a stern test of their credentials.
The 69-year-old Dutchman has helped stabilize the west London club in recent weeks.
Sean Dyche is ready to ring the changes for the trip to The Emirates Stadium.
Wenger was asked about what his future plans would be if he ever left Arsenal.
Hernandez has been prolific in Germany since leaving Old Trafford.
Debuchy has received plenty of offers to leave the club according to Wenger.
Jenkinson suffered the injury in the 2-2 draw with Manchester City while playing for West Ham.
Wenger expects the duo complete their moves by the end of the month.
Debuchy said in December he is keen to find first-team opportunities elsewhere.
The boss adds that Wilshere and Cazorla are progressing well but still 'a few weeks away' from comeback.
The 58-year-old pundit has revealed he thinks his former club can win the title.
The French midfielder continues to come through training unscathed ahead of fourth-round tie.
Nwakali's brother says the Gunners history with youth players convinced him to move.
The Togo international was available for nothing after leaving Tottenham Hotspur in September.
Jenkinson sustained the problem while giving away a penalty during the 2-2 draw against Manchester City.
The Spanish chief executive tells the story of the remarkable rise of the club amid riches of football.
The 27-year-old Spain international scored the winning goal in the Blues' victory against Arsenal.
The 27-year-old star has come in for more criticism following the Blues' win at the Emirates.
50% of fans feel the Gunners still need another striker.
The Gunners missed the chance to go top of the Premier League after a 1-0 defeat to Chelsea.
Arsenal can move back to the top of the Premier League