Manchester United, Inter Milan and Besiktas have been linked with the Gunners playmaker.
And a contract extension with Arsenal has not been ruled out either.
But with Ozil said to want £330,000 a week, it has left him in limbo over his future.
Arsenal have tabled a £100,000-a-week pay rise worth £250,000 a week.
However, even Arsene Wenger is beginning to have second thoughts off the back of his side’s solid run in Ozil’s absence due to a knee problem.
United have been said to be confident of striking a deal should he be available on a free next summer.