It looks like The Belarus international may have played his last for the club after he was handed a retrospective three-match suspension by the Football Association for petulantly slapping Reading captain Graeme Murty during last week's Premier League encounter at the Emirates Stadium, but speculation over his future does'nt look good.
Earlier this term it was reported former Stuttgart midfielder Hleb, 26, held secret talks with Inter while in the city ahead of Arsenal's Champions League game against rivals AC Milan at the San Siro.
Now Inter coach Roberto Mancini has confirmed their interest, declaring the Arsenal winger was one of the players they "would like to sign".
Such manoeuvres have not impressed Wenger,who has been accuesed of double standards by doing exactly the same thing in getting Cesc Fabregas to join Arsenal, when he was youngster was at Barcelona
Wenger declared: "We will not accept that between big clubs. If I want a player from Inter Milan, I call Inter Milan. The way they proceed is absolutely unacceptable. When asked about Fabregas in the passed Wenger dismissed such sugestions,as being a totaly different situation
"They can call us or we shall report them to FIFA. You never hear me talking about players who are under contract somewhere else. The Fabrigas thing was different because although he was on school boy forms, its ok to try and destablise youth players from another country, but not young players signed to teams from your own FA.
"If I want to buy someone, I call the chairman and I ask him if he is for sale."
Wenger added: "Some Italians (clubs) are the same, they use the agent to try and destabilise the player.
"It's not destabilising me at all - but I think, if they want to buy a player from us, they call me and accept the answer they get.
"I make the decisions, if a club wants to buy a player who is under contract, they contact me, I don't have to talk about that in the newspapers because if I did I would never finish."
Wenger, though, insists Hleb - who has impressed this season - is going nowhere.
"We want to try and keep the team together, I am quite stable on that front," insisted the Arsenal manager.
"[Under the new rules] A player can buy out his contract, but not Inter Milan. If Inter Milan wants to buy a player they have to call me."
One player whose future will lie away from the Emirates is Mathieu Flamini.
The French midfielder, currently sidelined by injury, is out of contract at the end of the season and will move to Juventus.
An offer is currently on the table from the Gunners and Wenger is keen for the situation to be resolved one way or another this month.
Wenger said: "The deadline is next week, the end of April.
"I beieve he wants to leave, we want him to stay.
"I respect our wages structure. We have made an offer which we think is ok and if it's not good enough, we will know soon."