In excess of £8bn will come into the league from new broadcast deals.
But Wenger says clubs will need that additional cash to meet the rising cost of transfer fees and player wages.
"What will happen is the prices of the players will go up and you will need this supplement of money coming in to buy new players," he said.
"I believe that the pressure on spending the money will become bigger and you cannot necessarily distribute the money to other people."
Wenger said the vast amounts of money now being spent on players in China was evidence that the Premier League could fall behind if it does not continue to bring in new talent.
In the past 10 days, Chinese Super League (CSL) clubs have spent:
Wenger says the new trend of spending in the Far East could be a concern and drive up the cost of players across the globe.
He added that the first £100m transfer will soon be "easy to reach".
Asked if the amount Chinese clubs are able to spend on transfers is a worry to the Premier League, the Frenchman replied: "Yes, of course.
"China looks to have the financial power to move the whole league of Europe to China."
But he added: "Will they [the CSL] sustain their desire to do it? Let's remember, Japan started to do it a few years ago but slowed down.
"I don't know how deep the desire in China is, but if there's a very strong political desire, we should worry."

The Trust is bidding to take over the League Two club from owner Les Scadding.
And it now has £236,000 following a fund-raising campaign that included a share issue to fans.
A supporters group statement read: "What an achievement and one the Trust Board are truly humbled by."
The trust took interim control of the Rodney Parade-based club in August.
Their millionaire backer Scadding backed the move in which the club's board stood down.
Newport had already announced major shareholder Scadding was gifting his holding to the Trust.
Interim chairman Tony Pring told BBC Radio Wales: "People seem to think that Les sort of gets a chunk of that money and basically that money now goes into the club and becomes a working capital.
"Les, with several other people, have loans on the club that must be paid - they're club loans [and] they will be budgeted for… with monthly repayments.
"But the £236,000 actually basically goes into the club's bank account for working capital for running the club this season."
The prospective new owners say they will strive to ensure The Exiles live within their means to support manager Terry Butcher.
"This is possible. We need to be prudent in our spending, driving down our cost base and increasing our revenue through a number of channels," added the statement.
The Football League must approve the takeover, but Trust members expect that to be a formality.
"Now the hard work really starts," added the statement.
"No one should underestimate the challenge ahead.
"The club has been in a difficult place and it is going to take some time before it gets to where we would like it to be.
"That said, we are confident we can achieve this with the plans we have."
Newport are bottom of the table after one league win this season and face Exeter at Rodney Parade on Saturday.
Arsenal boss Arsene Wenger has warned extra television revenue for Premier League clubs will be used to buy players rather than cut ticket prices.
[NEXT_CONCEPT]
Newport County football club is set to become fan-owned after its Supporters Trust comfortably passed a £195,000 fund-raising target.