Goal-line technology was introduced in the Premier League in the 2013-14 season and teams are now allowed to field a fourth substitute in extra time in the latter stages of this year's FA Cup.
"We have to take care that the game remains fluent and dynamic, and that there are not too many stoppages in the game, especially if we go to video (replays) as well," Wenger told the club's website.
"We have spoken many times about this in managers' meetings in Geneva. There are pros and cons, but you do not want to interrupt the game too much if you make more substitutions," Wenger added.
"It can become a tactical weapon as well to slow the game down."
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Arsenal, who are fifth in the league, travel to face eighth-placed West Bromwich Albion on Saturday.
(Reporting by Shravanth Vijayakumar in Bengaluru; Editing by Peter Rutherford)
