"I think the best thing is not to talk", Wenger said.
"No, I can not give you any news on any transfer because we are not close to signing anybody", the Frenchman said in his press conference after Arsenal lost 4-2 at Nottingham Forest in the third round of the FA Cup.
So while Evans ponders the trappings of a high profile move to this year's Champions or a move to the North London club that is under reconstruction, we await Wenger's plan B.
That's after the BBC reported that both Arsenal and Manchester City have made contact with the Hawthorns club over a transfer for the 30-year-old centre-back. I don't know what their policy is.
Sources have also told ESPN FC that City could conclude a deal for Sanchez by the end of the week but, while Wenger indicated that there had not yet been a bid, he suggested Arsenal could cash in on the Chile forward this month.More news: Sweden rejects U.S. call for UNSC session over Iran riots
'If the decision comes to finances against Manchester City, we know we will be second best'.
"When solicitations happen you respond, at the moment it's very quiet". However, he added that West Ham was not a possible destination for Coquelin, despite reports claiming that David Moyes was interested in making a bid.
Mathieu Debuchy didn't enjoy the best of games as Arsenal fell to a 4-2 defeat away to Nottingham Forest in the FA Cup third round yesterday.
Evans, 26, is seen by Man City boss Pep Guardiola as a viable replacement for Vincent Kompany, who has yet to prove his long-term fitness at the Etihad, while Wenger believes the the West Brom man would be a valuable addition to his three-man defence.