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Report: Arsenal begin contract termination talks with player, potential £7.2m payoff

Arsenal and Mesut Ozil have reportedly begun contract termination talks as the Gunners midfielder edges closer to a departure from the Emirates Stadium, according to .

Ozil has been frozen out at Arsenal for over six months now, and has not played a single minute of competitive football following the resumption of English football last June.

Fenerbahce have been heavily linked with the 32-year-old this month, with coach Erol Bulut telling Bein Sports earlier this week – via – that the “situation will become clear in the coming days”.

(Photo by Marc Atkins/Getty Images)

As per , it was initially thought that Ozil would join the Super Lig side on loan for the rest of the season, with the Gunners picking up his £350,000-a-week wages, before making the move permanent in the summer when his contract expires.

However, Ozil may be free to make a permanent move this month as Arsenal are planning on terminating his contract if an agreement can be met.

The 2014 World Cup winner would be in line to receive a loyalty bonus of 8 million Euros (around £7.2million) if he sees out the duration of his contract, a waiver which wouldn’t apply were he to transfer in January.

And according to , negotiations are set to resume on Saturday to thrash out a deal which would work out for both Arsenal and Ozil.

TRT Spor reporter Yagiz Sabuncuoglu also on Twitter – as translated by – that Ozil will either waive some of his receivables and receive his bonus service in return or demand the full amount he deserves.

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And so, the Ozil saga appears to be edging closer to the end – it’s a shame that such a high-profile player, who arrived at the Emirates to such fanfare, is now seemingly on the verge of exiting the club through the back door.

Opinion continues to be split amongst the fanbase – some fans can’t wait to see the back of him, while others are gutted he’s leaving, particularly in such an anticlimactic way, but really, it looks as though this will be best for all parties.