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Arsenal have offered Mesut Ozil more than £235,000-per-week in the past
But Ozil wants £300,000-per-week, and the new offer will be closer to that
It is still not clear whether the 29-year-old German will be willing to sign the deal
They do not want to lose both Ozil and Alexis Sanchez for free next summer

Published: 17:34 EDT, 11 December 2017 | Updated: 03:12 EDT, 12 December 2017

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Arsenal have launched one last effort to keep Mesut Ozil.

Ozil has impressed in recent weeks and the Gunners are not giving up hope of persuading the Germany international to pen a new contract.

Arsenal have already offered Ozil a deal north of £235,000-per-week, but Arsenal were fearing the worst following a breakdown in talks.

Arsenal have launched one last attempt to keep German midfielder Mesut Ozil at the club

They will offer close to Ozil's demands but it remains to be seen whether he will sign

The new offer will be closer to the £300,000-per-week Ozil is looking for - but it remains to be seen whether the 29-year-old is prepared to sign.

If Ozil does put pen to paper, he will become the highest earner in the club’s history.

Manchester United and Barcelona are both watching developments closely with a view to taking Ozil on a free transfer when his current deal expires.

Arsenal are desperate not to lose both Alexis Sanchez and Ozil for nothing in the same window

With the possibility of Alexis Sanchez staying beyond the end of the season bleaker than ever, Arsenal are focusing on Ozil’s future as they look to prevent both leaving for nothing in the summer.

Meanwhile, Arsene Wenger’s side drew Ostersunds in the next round of the Europa League.

The Swedish club - which is only 21 years old - are managed by former Birmingham, Stoke and West Brom defender Graham Potter.