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Mesut Ozil has been made a huge £280,000-a-week offer to stay at Arsenal .

Germany midfielder Ozil has yet to decide on his future with 15 months left on his current contract, and there are growing fears he will leave this summer.

The 28-year-old is already the Gunners' biggest earner on £140,000-a-week basic — which rises close to £200,000-a-week with bonuses — and this willingness to smash through the £250k barrier is new territory.

But Ozil is holding out, knowing he can get even bigger money elsewhere.

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There is also uncertainty over volatile forward Alexis Sanchez , whose deal runs out next summer, too.

A big summer exodus could be on the cards also including England international Alex Oxlade-Chamberlain , who has become frustrated despite showing impressive form since moving into central midfield.

Arsenal have yet to offer a new deal despite the 23-year-old’s contract being another that expires in 2018, and even if they do now start negotiations there is little change he will sign.

Oxlade-Chamberlain believes he may need a fresh start to reinvigorate his international career, and Manchester United and Manchester City are watching developments closely.

(Image: Arsenal/Getty)

Sixteen points behind leaders Chelsea, the Gunners are out of the title-race and left scrapping again for a top-four finish. They were also eliminated from the Champions League's last-16 for a SEVENTH season running by Bayern Munich on Tuesday, by a humiliating aggregate score of 10-2.

A raft of their players are all set to be out of contract next year, with Jack Wilshere, out on a season's loan at Bournemouth, and Kieran Gibbs also yet to be offered anything.

Sanchez has already been presented with a proposal worth in excess of £200,000-a-week to remain at Arsenal but has not committed himself.

(Image: Arsenal/Getty)

French champions Paris Saint-Germain lead the chase to sign him in the summer.

There is an increasing belief Sanchez will go, although he may wait to see what happens with the managerial situation — Arsene Wenger's own contract expires this summer and it remains unclear if he'll sign the two-year deal on the table — before deciding on his next move.

Sanchez has become increasingly frustrated at Arsenal — he wants to win trophies — and was dropped to the bench for the weekend's loss at Liverpool.