Mesut Ozil and Alex Oxlade-Chamberlain could both leave Arsenal this week

Arsenal are reportedly set to demand £40m plus £1 from Liverpool for Alex Oxlade-Chamberlain.

Starsport understands he will only accept a four-year deal of £200,000 a week to stay at Arsenal, which equates to a £40m commitment.

Arsenal are likely to sell, with Chelsea willing to pay £35m, while Liverpool will have their own unique demands.

The Gunners famously bid £40m plus £1 in 2013 for then Reds striker Luis Suarez, only to see it rejected.

And The Sun claim it will cost Liverpool the same figure to get Oxlade-Chamberlain.

It is said Liverpool lead the chase ahead of Chelsea to sign the England international.

Borussia Dortmund are prepared to spend a chunk of their Ousmane Dembele money on Mesut Ozil.

Arsenal face losing the playmaker for free next summer if he does not pen a new deal.

And they could have a real decision to make ahead of Thursday’s deadline.

According to the Mirror, Dortmund are looking at ex-Bundesliga star Ozil as they need a replacement for Dembele.

Dembele left for Barcelona in a deal worth £130m, giving them a big budget for Arsenal’s Germany international.

Arsenal are ready to go back in for Monaco winger Thomas Lemar.

Arsene Wenger made the France international a top target earlier in the summer.

But the Gunners have failed with three previous approaches, which have all been rejected so far.

However, the Mirror claim Arsenal have not given up hope yet of signing the 21-year-old.

Wenger is ready to table a fourth bid for Lemar close to Monaco’s £50m valuation.