Arsenal transfer news: Fenerbahce rule out Mesut Ozil move in statement claiming playmaker is too expensive

The 30-year-old had been linked with a loan switch to the Turkish club.

Fenerbahce have released a statement ruling out a potential move for Arsenal’s Mesut Ozil.

The Turkish club claimed a transfer is “not possible”, citing “current economic conditions”.

Ozil, who earns £300,000 a week at Arsenal, may be offloaded by the club this summer in an attempt to boost transfer funds.

Arsenal reportedly have just £40m to spend and could look to loan Ozil out before the close of the transfer window to stretch their capabilities in the market.

But Fenerbahce, who had been linked with a move for the Turkish-born German international, have insisted a deal is not realistic.

“Mesut Ozil, with his career and standing, successfully represents our country abroad. He is an important value known with the identity of Fenerbahce,” the club said in a statement.

“However, Fenerbahce does not have a proposal for Mesut Ozil. Under the current economic conditions, such a step is not possible for both parties.

“Our president, Ali Koc, made statements on the subject on June 20 and emphasised that this could not be realised in the short term.”

Ozil signed a three-and-a-half-year contract in February of 2018 but has been unable to perform with any consistency since then.

An improvement towards the end of last season does not appear to have swayed Emery, who is looking to add to his squad following a fifth-place finish in the Premier League.