Arsenal to entertain offers for Mesut Ozil?

Arsenal will reportedly listen to offers for midfielder Mesut Ozil if they cannot agree terms on a contract extension.

Both Ozil and teammate Alexis Sanchez have 18 months left on their contracts at the Emirates and are locked in negotiations over new deals, although a significant increase in wage demands is thought to be the main stumbling block.

According to The Telegraph, Ozil is demanding as much as £384,000 a week - three times his current wage packet - while the Gunners are only prepared to offer him around the £200,000 mark.

Should the two parties fail to agree a new deal by the end of the season, Arsenal will 'look at any big offers' for the German in order to cash in on their record signing in the final 12 months of his contract.

Ozil's former club Real Madrid, as well as Chelsea and Bayern Munich, have been credited with an interest in recent weeks.