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Leicester City are confident of keeping Arsenal target Riyad Mahrez at the club, via ESPN.
The winger is being linked with a move away from the King Power Stadium with the Emirates touted as his likeliest destination.
The Gunners are believed to be keen on the Algeria international with Wenger prepared to spend as much as £35m for his services.
However, the Gunners would have to convince Leicester City to part company with the PFA player of the year as they are reluctant to lose him.
Speaking after the club’s friendly game against Celtic on Saturday, Ranieri revealed he is confident the winger would remain with the league champions.
“I’m confident, of course,” Ranieri said.
“We know very well there are other teams who must win the Premier League. We just have to defend it.
“I changed him at last because I said ‘okay, his job is done, it’s better to avoid injury.’
“I’m very happy, we have a very good dressing room. The players who came in are very good.”
Many Gooners are keen to see the winger at the Emirates and would be hoping he doesn’t follow the lead of Jamie Vardy who snubbed a move to the Emirates in favour of a new deal at Leicester City.