The Germany international has enjoyed a superb season at the Emirates Stadium, providing 18 assists and scoring six goals in 33 Premier League appearances.
There has been intense speculation over his future, however, with Ozil linked with a return to the Bundesliga and a move to Turkey.
However, he says he does not intend to hurry into negotiations with the north Londoners, as his current deal runs until 2018.
“There’s no hurry,” Ozil told Sport-Informations-Dienst. “I have two years left on my contract.
“We’ll see how it goes at the end of the season.”
Ozil has also refused to rule out the possibility of a move away from the Emirates Stadium in the coming months, with Arsenal currently at risk of losing their place in the Premier League’s top four.
“I’m not saying that I definitely must return to the Bundesliga or spend time in Turkey. But I’m not ruling it out either. Maybe I’ll finish my career in England,” he added.
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The Gunners currently sit fourth in the table, five points clear of Manchester United, but Louis van Gaal’s men have a game in hand after competing in the FA Cup semi-finals last weekend.
Arsenal fans have vented their anger towards Arsene Wenger over this season’s failure to challenge for the title, with only Leicester City and Tottenham still mathematically able to be crowned champions.
Ozil, though, maintains that a third-placed finish would see the Gunners achieve their “minimum target” for the campaign.
“This season it was possible to become champions. But for that we have lost too many points against small teams,” he added.
“I definitely would not have believed [Leicester could be champions]. Nobody would have believed it.
“You can only take your hat off to Leicester. They enter every match at 100 per cent energy and therefore are rightly up there.”