Ozil still has a year to run on the £350,000-per-week deal he signed with at the Emirates outfit in February 2018.
The former Real Madrid man says he has not considered leaving the Gunners despite not seemingly part of boss Mikel Arteta's plans.
But his head may be turned by the enormous offer from Al-Nassr which would reportedly see Ozil bank a stagger £15m tax free each season.
The playmaker is set to turn 32 in October, so the opportunity to broker a three-year deal on such massive waged would be a tempting one.
Officials from the club contacted Ozil’s camp to try and strike an agreement for the Germany midfielder.
If they are unable to land him now, they hope to strike a preliminary deal to sign the World Cup winner next year.
Al-Nassr chiefs reportedly told Ozil, “We want to make you the new Prince of Saudi Arabia and we will not spare any sacrifices for this.”
The star was recently branded ‘selfish’ by former Arsenal man Perry Groves for not attending the side’s FA Cup final win over Chelsea.
After having it confirmed that he would not be included in Arteta’s squad for the final, Ozil was granted permission by the club to go to Turkey.
Groves told talkSPORT: “That just sums him up all over. He’s not bothered about Arsenal, he’s just bothered about himself.
“I wouldn’t want my teammates to think that I was that selfish. So it just means that he knows he’s done with Arsenal.
“[If I was his teammate] I wouldn’t even… Don’t text or WhatsApp me, do you know what I mean?
“If you’re not really bothered, don’t pretend you are.”
Ozil’s agent, Erkut Sogut, maintained that his client will not be leaving the Emirates this summer.
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“I don’t think Mesut will leave before the summer of 2021,” Erkut Sogut told Fanatik.
“He’s got an ongoing contract that hasn’t changed. He will stay with Arsenal.”
Sogut did, however, confirm that Ozil is ’90 per cent’ likely to depart when he becomes a free agent next summer.
He added: “When his deal is up, I estimate there is a 90 per cent chance he will leave Arsenal.”