Arsene Wenger and Arsenal are interested in a £40 million move with Real Madrid for Karim Benzema.

Wenger, however, denied that a deal is imminent.

Benzema's place with Real Madrid is unclear under Rafa Benitez.

“I don’t know where that story comes from, but that is not happening at the moment,” Wenger said in Singapore. “I am happy with the squad we have. If I find an exceptional player to strengthen, I will do it.

“It depends what’s on the market. It is not easy, there are a lot of teams out there in Europe competing for the same player. We don’t rule it out and [also] don’t guarantee we sign.

“[The title] is our target and we feel we have a chance in a very competitive league. We are not far away.”