Mesut Ozil is set to stay at Arsenal until 2021 after agreeing a new contract which shatters the club's wage structure.

Standard Sport revealed in December 2016 that Ozil and Alexis Sanchez wanted parity with the Premier League's highest earners, prompting an impasse which eventually saw the latter leave for Manchester United earlier this month.

The Gunners were always more optimistic about Ozil but this breakthrough is still a surprise given he had less than six months remaining on his existing agreement and had turned down an offer in excess of £250,000-a-week.

However, having allowed Sanchez to depart in addition to Theo Walcott, Francis Coquelin and Olivier Giroud - who is set to complete a move to Chelsea today - Arsenal are restructuring the club's wage bill and are believed to have offered Ozil up to £350,000-a-week to stay at Emirates Stadium.

The club refused to comment and no official announcement is expected today, although manager Arsene Wenger is holding a pre-match press conference tomorrow morning ahead of Saturday's visit of Everton.

Before he chose to depart for Old Trafford, Sanchez was offered £300,000-a-week including image rights and bonuses by Arsenal. It is believed that Ozil's deal is similar in its construction.

Ozil's previous deal was worth £130,000-a-week but so he has almost trebled his salary in a move that represents a statement of intent by Arsenal.

Arsenal were hopeful signing both Henrikh Mkhitaryan and Pierre-Emerick Aubameyang would convince Ozil to stay and the dramatic increase in salary was the final piece of the puzzle.

Mkhitaryan will earn around £170,000-a-week with Aubameyang on slightly more but Ozil's deal cements his status as the team's star attraction.