Much will depend, I suppose, on whether or not he has lost any part of the dressing room, and which part.
It seems that Sanchez, at the very least, isn't happy working with Wenger, and you get the feeling that Ozil isn't being used to his best advantage.
One has to wonder how many of Arsenal's superstars of the recent past left The Library because of their inability to work with Wenger? It would have been part of any settlement that the player wouldn't tittle-tattle.
If Wenger can win the players round, I cannot see him leaving, even if the disgruntled fans protest throughout the start of the whole of next season.
I also strongly believe that much will come down to whether or not Arsenal finish below Spurs. Certain posters on this board will have us all believe that it won't matter in the slightest, but that is at odds with what the vast majority of Gooners are saying in the real world.