The report states that the Germany international whats assurances that the club will challenge for silverware next season.
The Times goes onto state that Arsenal are willing to give Ozil a new five-year deals with a significant pay-rise.
Ozil has been in exceptional for this season and has provided the highest number of assists in the league this season (18).
The 27-year-old playmaker could have more assists to his name had it not been for the profligacy of his teammates. Ozil has created the most chances in the league (122) but the Gunners have the lowest goal record in the top four.
Arsenal have moved back into third place in the Premier League following their win over West Brom. The north London based side take on relegation battlers Sunderland this weekend.