But the Gunners are confident of convincing the 29-year-old to extend his stay at the Emirates, despite already losing fellow contract rebel Alexis Sanchez to Jose Mourinho this week.
Ozil currently earns £140,000-a-week and reportedly saw his demand of an increase to £290,000-a-week earlier in the season rejected.
It is now thought that the former Real Madrid star will expect to be paid at least as much as new signing Henrikh Mkhitaryan.
And while manager Arsene Wenger is desperate to keep his talisman at the club, the Frenchman is adamant that they will only pay players what they can afford.
"At the end of the day we are a serious football club with responsibilities," he told reporters.
"We want to spend the money we can afford. The maximum we can afford we do, but as well you have some decisions to make.
"Are you responsible in your management or not? If you can’t afford you have to say no, we’re sorry we can’t do that."
Arsenal are currently sixth in the Premier League, five points behind fourth-placed Liverpool.
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