The Germany international impressed at the end of the last season for the Gunners.
But rumours have mounted that Turkish giants Fenerbahce could try and lure him away from the Emirates next summer.
But according to the Daily Mirror, Arsene Wenger is holding a major review of first-team contracts at Arsenal.
It is thought Ozil is at the top of their agenda and they are keen to extend his deal.
Defender Nacho Monreal is believed to have been offered a new three-year contract.
GETTY
Mesut Ozil is in line for a new deal at Arsenal
The Gunners have a policy of not offering long-term deals to player in their thirties.
But Ozil, who is 26, shouldn't pose a problem.
Arsene Wenger manager profile
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