Ozil reportedly ready to sign Arsenal contract

Mesut Ozil is ready to sign a new contract at Arsenal, according to The Sun.

There has been much speculation over the futures of Ozil and Alexis Sanchez, whose Gunners contracts are both due to expire in 2018.

Earlier this week The Times suggested that both players will look to leave the Emirates Stadium despite manager Arsene Wenger signing a new deal and being given funds to strengthen the squad.

The Sun, on the other hand, say Germany star Ozil has been offered £270,000 a week and is ready to sign despite having initially held out for more.

The Sun also say there have been no serious offers for Ozil despite a number of clubs being linked, and that Wenger is trying to re-sign Sanchez but that the Chilean is keeping his options open amid interest from other clubs, including Chelsea and Manchester City.

It is claimed that Sanchez, who is reportedly keen to stay in London, is reluctant to move to the north west.

Wenger has been tipped to splash the cash this summer, with the Daily Star claiming this week that he will be given at least £100m to spend.

The Daily Mirror, meanwhile, have declared that Wenger could be given as much as £150m to spend and that his targets include AC Milan’s Colombia striker Carlos Bacca, Leicester’s Riyad Mahrez and Monaco midfielder Thomas Lemar.