Wenger is without both Nicklas Bendtner and Olivier Giroud for this weekend’s FA Cup third round clash with North London rivals Tottenham and so is under pressure to add more firepower to his league leading squad.
Berbatov would be shock move after the Gunners have been linked with big money strikers this month already including Diego Costa, Gonzalo Higuain and Robert Lewandowski.
The 32 year old has been criticised at Craven Cottage this season and was stripped of the captaincy under Martin Jol, although the Bulgarian seems to have found some form under new boss Rene Meulensteen.
Wenger has dismissed Berbatov as one of the names that he has been targeting, although a striker is still a priority this month.
“He is not a name we have considered at the moment,” Wenger said.
“I don’t want to talk about any specific name. We are considering our options at the moment and at the moment they are quite restrictive.”