Speculation has surfaced in recent days that the 24-year-old England striker is poised for an Old Trafford exit in January after his negotiations over a new contract broke down.
Rooney, whose relationship with Red Devils manager Sir Alex Ferguson is said to have turned sour, has been linked with a move to United's fierce local rivals Manchester City or Spanish giants Real Madrid.
Gunners boss Wenger, however, feels Ferguson's decision to leave Rooney out of his starting line-up against West Brom on Saturday has been blown out of proportion, and is confident the former Everton man will not be moving on.
Quoted in the Daily Star, Wenger said: "Rooney is a great player. I am convinced he will stay at Manchester United because it is his club.
"They have the power to keep him. When you give a great player a rest, you have a story. Rooney is Rooney. He will stay where he is."
Rooney's existing United contract expires in 2012 and Wenger added: "I am surprised his contract has been allowed to run.
"But, basically, I don't know why. It can happen many times.
"What I know for players like Rooney today only three or four clubs can buy him. For Rooney, it will not be a financial choice.
"He will decide if he stays. He would say, 'Old Trafford is my home, I will stay there'. And Manchester United would turn up with the right number. He knows that. They know that."
Man. City 6/5, Arsenal 9/4, Draw 23/10
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