ARSENAL have not given up hope of persuading Mesut Ozil to sign a new deal before January.
The World Cup winner is out of contract next summer, and free to leave on a free transfer.
The German midfielder’s representative have been in talks with the Gunners for more than a year over fresh terms.
Arsene Wenger’s men were understood to have given up on the 29-year-old, and resigned to him leaving the Emirates.
But there is still hope he may yet stay and pen a new deal – expected to be for three-years – before the end of the month.
Emirates insiders have suggested a stunning breakthrough in negotiations is “very, very close.”
It is thought he wants a huge boost on his £140,000-a-week wages, along with a hefty signing-on bonus.
However, if terms are not struck before the January transfer window opens, Arsenal will look to cut their loses.
Wenger does not want to lose the ex-Real Madrid ace for nothing, and would rather get a fee for him.
Manchester United are one of the clubs interested, but Emirates chiefs are reluctant to sell to a league rival.
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Flogging him abroad would be their preferred option, and they will look for between £15m and £20m.
Ozil joined the Gunners from Spanish giants Madrid for £42.5m in the summer of 2013.
The German player of the year has gone to make 127 Premier League appearances and score 24 goals for the club.
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