Bale is the subject of intense speculation

The 17-year-old is attracting the interest of a host of clubs, with Manchester United and Tottenham believed to have had bids rejected.

But Wenger insists he is not about to join the race to sign the �10m-rated Wales international defender.

Wenger told Arsenal TV Online: "I like the player but we already have two left-backs here."

Bale has recently turned down Southampton's offer of a one-year extension to his contract.

Spurs are believed to have failed with a �6m bid for Bale and Manchester United's �8m offer was also rejected.

Saints boss George Burley is desperate to keep Bale - at least until the end of the season - but is resigned to losing the player at some stage.