The German has been linked with a move away from the Santiago Bernabeu with the Gunners close to agreeing a deal with Real Madrid, but is he the right man for Arsene Wenger?POLL
Mesut Ozil is the subject of intense speculation linking him with a move to Arsenal as the transfer window draws to a close this summer.
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Arsenal have made a club-record £40 million bid for the German international with Wenger hoping to complete a deal before Monday's 23.00BST deadline.
It has been a difficult summer for Arsenal, with the club failing in their attempts at bringing Luis Suarez, Gonzalo Higuain, Wayne Rooney and Karim Benzema to north London.
Gareth Bale's world-record transfer from White Hart Lane to the Bernabeu on Sunday means that Madrid are willing to part with Ozil and, potentially, winger Angel Di Maria.
But it is Ozil, who plays just behind the striker for Carlo Ancelotti's men, who is the Gunners' main target.
Should Arsene Wenger splash the cash on Ozil? Is the 24-year-old worth £40m or should Wenger look to bring in more than one player with that kind of money?
Do Arsenal need a creative midfielder or should the Gunners be looking to strengthen elsewhere?
Let us know your thoughts by voting in our poll and leaving your comments below. You can also get in touch via our Facebook and Twitter pages.