Wenger will take charge of Arsenal for the final time on Sunday against Huddersfield, after nearly 22 years in the role.
The idea of a European league has been mooted for years and could be driven by dwindling Champions League attendances and the fact more revenue is demanded for the Premier League television rights than UEFA's elite club competition.
Wenger played supervised 1228 games and won 704 in his 22-year-reign as Arsenal's manager, winning seven FA Cups and seven Community Shields.
"This is possible after our last result on Wednesday and we as a football club will do it".
"They were an wonderful team and it will be weird to be part of this game, having watched him for so long and knowing it's going to be his last game".
Wagner will be on the radar of rival clubs both in England and across Europe this summer, while Huddersfield will reward him with a reported bonus of £2.5million for his latest feat.
"I've given him only one (bit of) advice, stay at the club. It's great", he said.
'We've gone via a season of ups and downs however they've at all times created one thing particular and I would really like that to return out within the final sport by the way in which we play it.
"It's still unbelievable, but it feels good. I'm anything but ready and for me personally, this experience we have had in the last season will help me to be better in the future".
The Terriers needed a point at Chelsea to ensure against an instant return to the Sky Bet Championship following last Sunday's goalless draw at champions Manchester City. The former 1860 Munich man has kept nine clean sheets so far this season.
"JOHANNESBURG - 'What a way to sum up the footballing philosophy of Arsene Wenger", boomed commentator Martin Tyler as Tony Adams's goal against Everton in the last match of the season, 20-years-ago now, was being replayed. "He is Arsenal and I am an Arsenal fan so he has got a lot of love on my part".