Jack Wilshere is making "slow progress" in his recovery from an ankle injury, says Arsenal manager Arsene Wenger.
The England midfielder, 20,
suffered a stress fracture in pre-season
hoped to be fit for Euro 2012.
However, Wenger said on Friday: "He is making slow progress, so we still monitor the situation at the moment.
Wilshere with England
- Plays for the England Under-16s at the Victory Shield aged 14
- Involved with the England Under-17s at age 15
- Starts two games at the European Under-17 Championships before suffering an injury
- Win his first senior cap under Fabio Capello in a friendly against Hungary
- Makes his full England debut when he starts in a friendly against Denmark
"I told you the next three weeks would be decisive. Now we have two weeks in front of us and I cannot tell you more. I will not take any risk with him."
Wilshere has not played for Arsenal since suffering the injury in a friendly against New York Red Bulls on 31 July.
That followed a breakthrough season in which he made 49 appearances for the Gunners and five for England.
Meanwhile, Wenger has responded to
Sol Campbell's remarks about the club's direction
amid a seventh successive trophyless season.
Former Gunners defender Campbell told BBC Sport: "You've got to ask yourself, where are Arsenal going? Do they want to actually win anything?
"You can have players for the future but it is about getting players who can make a difference now."
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“It depends now how we finish the season to decide how much we need to buy to have a good chance to win the championship next season”
Wenger, who signed Campbell from Tottenham in 2001 and managed the centre-back until his
departure for Portsmouth
in 2006, gave a humorous reply.
"Sol Campbell has a lot of money, his gifts are welcome," said the Frenchman.
"If he gives us money, we will spend it, believe me. The best way always to give advice is to show example. Give your own money and we will spend it."
Arsenal's start to the season was disrupted by the exits of
to Barcelona and Manchester City respectively.
Five new players arrived at the Emirates Stadium in the final two days of the summer transfer window and Wenger's side won only one of their opening seven Premier League games.
Defeat at Tottenham on 2 October
left them in 15th place in the Premier League, but 18 wins from the next 26 matches has lifted them to third with five games remaining.
"What has not changed at all is our policy - that we will be ambitious as ever and spend the money we have available," Wenger explained.
"We'll always spend money because we are very ambitious for top-class players and if we look at the history of our last 15 years we have always had top-class players and, incidentally, Sol Campbell is one of them.
"People forget we had a terrible start to the season down to the fact that we had injuries and transfers.
"Our ambition is in tact - to win the championship - and it depends now how we finish the season to decide how much we need to buy to have a good chance to win the championship next season."