That decision is being challenged by London mayor Boris Johnson in the high court and there is hope that an agreement can be reached to prevent the strike.
It is understood Arsenal could put the fixture back by 24 hours if the planned strike goes ahead.
The Club will monitor talks between tube drivers and London Underground amid fears the club's Boxing Day match against Wolves could be under threat. Built as a 'public transport' venue lack of tube trains could cause traffic chaos in the area and make it very difficult for some fans to get there at all.
Arsenal have alreday sold all 60,000 tickets available for the game , but access to the ground for both supporters and the club`s 1,000 matchday employees could be a big problem if the planned strikes go ahead.
Drivers have planned a 24-hour walkout on Boxing Day and on three other days over the next two months.
A statement on Arsenal's website read: "We would like to make all supporters aware of the situation surrounding our proposed home match against Wolves on Monday 26th December.
"The club is fully aware of the proposed industrial action on London Underground on Monday 26th December.
"We are closely monitoring the situation, together with all the relevant agencies, including the Metropolitan Police, Transport for London, London Underground, the FA Premier League, Wolverhampton Wanderers FC and Islington Council.
"The paramount concern to Arsenal Football Club is the duty of care we have towards the Arsenal supporters, Wolverhampton Wanderers supporters, matchday employees and indeed everyone who is planning to attend this match. "Any decisions or developments regarding this match will be immediately communicated on Arsenal.com."
Meanwhile, Chelsea are aware of the possibility of travel disruption for their Boxing Day derby with Fulham.
Like Arsenal, who also play at home that day, they are exploring the potential ramifications of a proposed strike.