The young midfielder is currently with Granada but has barely featured in La Liga.
He was an unused substitute yesterday and is set to return to Arsenal before joining Rangers until the end of the season.
GETTY
Jon Toral is set to join Rangers on loan until the end of the season
And Wenger is keen for him to head up north.
He said: "We work on it to see if it is possible, yes.
"He has played games there [for Granada] but at the moment he doesn’t play and personally I think it would be a good transition for him."
GETTY
Jack Wilshere is wanted by Everton in the summer
Another midfielder who could leave Arsenal is Jack Wilshere.
Everton are keen on bringing him to Goodison Park, according to the People.
Wilshere has impressed on loan at Bournemouth this season and Wenger admitted this week that he could do with him now.
But his long-term future remains in doubt and he could be off to Everton in the summer.
Joe Cole: Alexis Sanchez could win the Ballon d'Or
Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
And finally Atletico Madrid are keen on a move for Alexis Sanchez.
Atletico face losing star man Antonie Griezmann in the summer with Manchester United and Chelsea keen on a deal.
And Atletico are exploring the possibility or signing Sanchez to replace him, according to Spanish publication Don Balon.