Arsene Wenger is refusing to sell Olivier Giroud until he has a clearer idea of whether Alexis Sanchez will stay or if Monaco can be persuaded to sell Thomas Lemar.

The Arsenal manager is also confident that Alex Oxlade-Chamberlain will not leave this summer, despite the current deadlock in negotiations to potentially extend a contract that expires next year.

Both Giroud and Oxlade-Chamberlain are in the 25-man Arsenal squad that will arrive in Sydney on Tuesday morning when Wenger will face media questions for the first time this summer.

There is uncertainty over a long list of players, although it is the Sanchez situation that will go furthest to shaping Arsenal’s transfer strategy. Wenger has already signed striker Alexandre Lacazette from Lyon in a club record £52 million deal and has also been trying to buy Lemar but, with Monaco turning down respective bids of €40 million and €45 million, a deal appears unlikely.

Giroud wants regular first-team football ahead of next summer’s World Cup and is a target of Marseille, Everton and West Ham United but Wenger is unwilling to sanction a deal now and risk being left short of strikers later this summer if it is decided that Sanchez cannot be allowed to run his contract down.