He said: "I think the champions are the team to beat - they weren't champions for nothing".
"We have a giant on our chest, which is really heavy, but we don't compare our potential to the biggest clubs in Europe right now".
Everyone knows the drill - when a player who is trying to leave a club then becomes 'ill" or "injured' the rumours will fly.
European markets end lower amid geopolitical tensions
Wall Street's fear gauge - the CBOE Volatility Index or the VIX - surged 44%, its second-biggest one-day jump of the year. In Europe, equities dived with London losing 0.6 percent, while Frankfurt shed 1.1 percent and Paris fell 1.4 percent.
"That's really hard these days". That changes absolutely everything.
The Chile worldwide has been on extended leave following his participation in the Confederations Cup this summer and Wenger said on Wednesday Sanchez will miss the club's opening match of the 2017/18 league campaign against Leicester City at home on Friday and the following weekend away to Stoke City with an abdominal strain.
"I want the team to be on a par with the club's history, which is something I've been lucky enough to feel at every club - there was the same kind of feeling at Inter [Milan] and at Real Madrid". Especially last season, where the dropped three points could have earned them a Champions League spot.
Wenger has insisted several times that Sanchez will not be sold, although links with Manchester City continue.
"At some stage, the players came to see me and said, 'What's going on boss?'"
"You come away from home, score three goals and are almost there and then concede two.bitterly disappointed", he said. "I can take a gamble on one, maybe maximum two", Wenger said.