The 28-year-old is now into the last 12 months of his existing deal at the Emirates and talks over fresh terms have proved fruitless over the last year.
Then, Ozil would go on and become the third most expensive signing in British football history, behind Fernando Torres, who joined Chelsea from Liverpool for £50m in 2011, and Carlos Tevez, who cost Manchester City £45m.
According to a report by The Sun, Arsenal are determined to retain Alexis Sanchez beyond the transfer window and have offered him a new £300,000-a-week contract to ward off the likes of Manchester City and PSG. They would look at it and ask why the club are selling him to a Premier League rival.
'However, it's the Man City situation that's the concern and we've seen it all before with Robin van Persie's move to Manchester United'.
Gunners boss Arsene Wenger has made it clear that Sanchez will not be sold, however, and has instead informed him that he will run down his contract before allowing him to leave on a free next summer. They are not anxious about the money because they aren't the ones getting it, ' the former Arsenal and England forward said.
Dokalam stand-off: U.S. calls for India-China dialogue
The Indian Army on Thursday reportedly ordered the evacuation of 100 residents in Nathang village close to the Doklam region. Meanwhile, the USA said it wants China and India to engage in a dialogue over the Doklam standoff .
Arsenal face a stern battle in the remaining weeks of the season to keep their star players at the Emirates Stadium and it seems there's growing concern in North London.
'The problem if he does stay is that he's only staying for six months really. He was showing his frustrations and it didn't look good.
A poor start to the season has severely hampered Arsenal's ambitions over the past seven seasons, winning just once with three draws and as many defeats.
'He's going to be good enough this season to get a contract elsewhere.