Arteta and Oxlade-Chamberlain both suffered knocks during Sunday’s 2-0 win over Crystal Palace, and neither have required additional treatment.
The pair will be fully assessed today, and the hope is that they will both join the returning Wilshere in full training this week.
That would give Wenger a huge boost ahead of their showdown with Liverpool at Anfield on Saturday, with Mathieu Flamini suspended and Aaron Ramsey and new loan signing Kim Kallstrom both injured.
Arsenal’s trip to Anfield is followed by a massive run of fixtures, that includes games against Manchester United, Liverpool again in the FA Cup, and Bayern Munich in the Champions League.
And goalkeeper Wojciech Szczesny believes the Gunners excellent defensive record will prove crucial over the coming weeks.
“It’s massive for us,” Szczesny said. “We realise if you want to win the Championship then you have to be solid defensively and that is the most important thing. We know that clean sheets give you the best platform to go and win games.
“Whether you need a striking force like Man City or a defence like we have had recently, I think you have to mix the both together to find a perfect team but we will see at the end of the season which one pays off.
“The teams that go to the Etihad now are sort of scared of them. You have to credit them, they’ve been fantastic. We just hope that we’ve got the edge. What we care about right now is being top at the end of May.”