Attacking midfielder Ozil and his representatives have held further negotiations with the Gunners during this international break.
Arsenal are confident the 28-year-old wants to sign and stay, and they are ready to make him the highest-paid player at the club.
Ozil is currently on £140,000-a-week and has 18 months left on that contract.
His camp have been pushing for a big rise as he is in the form of his life .
The Germany international signed from Real Madrid three years ago is happy in England and wants to stay if the deal is right, having also bought a new £10milion house in London.
Arsenal have already tied down right-back Hector Bellerin on a six-year deal, and Ozil looks set to be next in line with the pen.
But there is less certainty over forward Alexis Sanchez , who also has 18 months left.