The German champions are looking for a new manager after they sacked Niko Kovac on Sunday, following a 5-1 defeat by Eintracht Frankfurt.
Wenger won the Premier League three times and the FA Cup seven times in a 22-year spell in north London before leaving at the end of 2017-18.
The 70-year-old Frenchman was providing analysis for beIN Sports on Wednesday for Bayern's Champions League victory over Olympiakos.
Asked about the speculation, he said: "I never refuse to talk to Bayern Munich because I know these people who lead the club for 30 years.
"I was nearly going to Bayern a long, long time ago. At the moment, I haven't talked to them at all.
"We have not talked to each other and I don't know [if we will]."
Bayern are currently fourth in the Bundesliga, four points behind leaders Borussia Mönchengladbach.
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