The board are aware of the concerns of fans, but will not be drawn on speculation over the 68-year-old Frenchman's future
Arsenal chairman Chips Keswick has ignored growing pressure from the club's supporters to axe Arsene Wenger and backed the manager to continue in charge.
Wenger is under extreme pressure at the Emirates Stadium, with his contract due to expire at the end of the season and the Gunners having crashed out of the Champions League to Bayern Munich in a 10-2 aggregate defeat this week.
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Keswick knows a decision needs to be taken on the 67-year-old but stressed Arsenal's focus is on the long-term and insisted any call will be discussed mutually.
"We are fully aware of the attention currently focused on the club and understand the debate," he said in a statement on Arsenal's website.
"We respect that fans are entitled to their different individual opinions but we will always run this great football club with its best long-term interests at heart.