Arsene Wenger also has not given up on the German international and he is hoping that the new round of negotiations will convince the striker to stay.
Both Manchester United and Barcelona are keen to getting Ozil, who will be out of contract at the end of the season and will be able to sign a pre-contract with foreign clubs from January.
Arsenal have already offered him £275,000-a-week but Ozil has not confirmed if he accepted the deal.
Ozil has also confirmed that his reasons for leaving is not just because of the money but he wants to win trophies. However, he would be able to get an even bigger deal if he becomes a free agent.
Ozil has been in excellent form compared to Alexis Sanchez who will also leave Arsenal. However, Wenger is mostly concerned on Ozil and wants to put all the stops for the star.
Ozil mostly controls the ball right now and he can even become the biggest earner in the club history by signing a mega-deal with them or if he could be persuaded to sign for a different club to get more trophies.