Vardy, the Premier League's joint second-highest scorer last season with 24 goals, was expected to decide on his future after the Euro 2016 tournament in France, where he is on duty with England, but Wenger indicated the move was now unlikely.
"Jamie Vardy is, at the moment, at Leicester and from what I know, he will stay at Leicester," the Frenchman said in an interview on Chinese television.
Vardy scored his first goal of the Euros when he came off the bench in England's 2-1 win against Wales on Thursday, and is set to make his first start of the tournament against Slovakia on Monday.
($1 = 0.6852 pounds)
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
(Reporting by Simon Jennings in Bengaluru; Editing by John O'Brien)
