Ozil effect on Arsenal’s January business as Arteta learns transfer budget

Arsenal boss Mikel Arteta needs players in the January transfer window – but much could depend on Mesut Ozil.

The Gunners misfit has been heavily linked with the Emirates exit door, having been frozen out by Arteta since March last year.

Fenerbahce look favourites to sign the playmaker, while he has also been linked with moves to Major League Soccer and Serie A.

And Arsenal will be keen to get rid of the high-earning midfielder, with Arteta having a limited budget to sign new players in the January window.

The Gunners boss has been told he will have around £20million to spend this month, according to the  Transfer Window podcast.

With a creative, attacking midfielder top of Arteta's shopping list, that amount of cash won't go very far.

The manager has been linked with a move for Norwich star Emiliano Buendia, but the Championship leaders want at least £30m for their star asset.

But if Ozil's £350,000-per-week paypacket can be cleared from the wage bill, it will provide a significant boost to Arsenal's transfer coffers.

The former Germany international is set to be paid £7million between now and when his contract runs out at the end of the season.

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And he could even walk away from that huge amount of cash as he looks to secure a move away from north London.

According to The Athletic, Ozil is in talks with Arsenal about an early termination of his contract.

If a compromise can be reached, it could save the Gunners millions which could boost their transfer plans either this month or in the summer.

Arsenal legend Ian Wright recently defended Ozil, hitting out at those who have criticised him over his mammoth pay-packet.

"It's so sad, Mesut needs to be playing," said Wright on on Wrighty's House podcast.

"Whatever people say about how he plays and what's happened, I'm really f****** upset with the people who are continually talking about his money.

"Money that we paid him. Money that no one in their right mind is going to turn down."

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