Denmark striker Bendtner looked certain to leave, but moves to Malaga, Eintract Frankfurt and Hull City all seem to have collapsed for the same reason: his huge wage demands.
Bendtner has not played for Arsenal for two seasons having spent spells on loan with Sunderland and Juventus.
“The chance for Bendtner to leave now is very small,” Wenger explained.
“If he comes back well and gets fit, I will use him.”
Bendtner, currently on £52,000 a week, looks set to return to the Arsenal squad after the September international break.
Earlier in the week Hull boss Steve Bruce confirmed Bendtner’s salary is a big obstacle for any possible suitors.
“Everyone assumes (an interest in Bendtner) but the problem with Nic is can I afford him?” said Bruce.
“He has a huge salary. I’ve been able to get him on loan at my last two clubs. I know the lad, he has terrific ability but it’s difficult with the amount of money he earns at the minute.
“For us to go and make a huge difference, to get a striker who can get 20 goals a year…where does a club like ours get them?
“They are few and far between and if they are capable of getting 20 goals a season they’re usually too expensive.
“Can you get one in? It’s always difficult but we’re always trying. We’re looking to get maybe one more in. That will prove difficult but we’re working away.”