Mesut Ozil offers Arsenal new financial plan to complete January transfer

Mesut Ozil has offered Arsenal a new financial plan that would pave the way to a January transfer.

The German has reportedly agreed a three-year deal with Turkish side Fenerbahce, having been exiled from the Premier League and Europa League squads this season.

With the midfielder in the last six months of his contract, he has been free to talk to other clubs.

While the north London side are in talks with the 32-year-old over his exit, there are still 25 weeks of his £350,000-a-week wages to be paid which totals £8.75million.

But The Sun have reported that Ozil has offered a solution to the club over his hefty fees.

The midfielder is willing to let Arsenal spread out the payment of his remaining contract weeks over the next three years.

It would see the Gunners bring down the weekly payments to the 32-year-old, paying £68,000 per week until the summer of 2021.

While the payments would last longer, Mikel Arteta would see the wage packet reduce by £1.2million per month at the club.

With the club getting hit hard financially by Covid-19 last year, the report states that the north London side would find a long-term payment scheme more appealing.

Negotiations have been ongoing in north London – but the same cannot be said for Fenerbahce.

The report says that Ozil was the victim of an online hoax, with an account that claimed to be one of charities appearing to announce the deal was done.

But the Turkish side are still far from an agreement, which could open the way for MLS side DC United to swoop in.

Ozil has been with the Gunners since 2013, arriving from Real Madrid in a £42.5million deal.

And he has made more than 250 appearances for the club, notching 44 goals and 77 assists.

But his last game in red and white came last March, grabbing an assist for Alexandre Lacazette in a 1-0 win over West Ham.

After lockdown, though, the 32-year-old picked up an injury and has only watched from the sidelines as his side languish in the bottom half of the Premier League.

Arteta spoke about the German ahead of the Gunners’ FA Cup third-round win over Newcastle.

He said: ”We will discuss it internally, what the best situation is for him in the near future, with the player and the agent and try to find the best solution for everybody.

"We will decide what is happening in the next few days."

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