Express Sport understands the playmaker is set to be sold this summer along with Alexis Sanchez as part of a reinvention process.
Both star players have just over a year remaining on their current deals, and no contract extension has been agreed with either yet.
Ozil's performances of late have drawn plenty of criticism, especially from Arsenal supporters.
However, despite being linked with a move to Fenerbahce, the 28-year-old claims talks will be held soon.
Arsenal star Mesut Ozil is back fit again and playing for Germany
You think Wenger speaks to journalists before he tells me?
And Ozil has quashed suggestions Wenger would be working behind his back regarding his position at the club.
While away on international duty with Germany, the attacker was asked by news outlet Die Welt about Wenger planning for life without him.
Ozil replied: "You think Wenger speaks to journalists before he tells me?
"Then I know him differently."
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Arsenal's record signing could still remain at the club beyond the end of the season, but it appears unlikely at present.
Meanwhile, Wenger is on course to pen an extension and commit a further two years to the Gunners.
Ozil has previously stated how important the Frenchman was in persuading him to join Arsenal from Real Madrid, with the duo potentially prolonging their time together in north London.