Both Johan Djourou and Marouane Chamakh have left on loan, to Hannover and West Ham respectively, while Sebastien Squillaci and Andrey Arshavin have both been linked with moves away from north London.
"At the moment no, (no one is leaving)," Wenger told Arsenal Player. "We have a good squad, a balanced one. At the moment nobody can go out, unless we buy somebody.
"At the moment our focus is to keep everybody. In every position we have two players. Three is too many and one is not enough."
Arsenal, remain hopeful of pushing through an improved contract offer for Theo Walcott, with reports suggesting a new five-year deal worth around £90,000 a week could even be signed ahead of the City game.