Arsenal has offered to make Alexis Sanchez the Premier League’s highest played player with a new $389,000-per week contract extension. Meanwhile, Mesut Ozil is close to signing a new $292,000-a-week contract to stay at Arsenal after a breakthrough in negotiations. In France, Nantes are hoping to land Arsenal midfielder Jeff Reine-Adelaide on loan. Here's a complete report of these transfer news:

Arsenal ready to make Sanchez highest EPL earner

Arsenal is willing to make Alexis Sanchez EPL's highest-paid player by signing a new contract extension, according to Daily Mail.

The $389,000 per week offer represents Gunners' one last desperate hope of keeping hold of Alexis Sanchez, but even manager Arsene Wenger has admitted he is “not optimistic” Sanchez will sign the deal. The Chilean international has entered the final year of his current contract with Arsenal and has so far refused to sign fresh terms. Arsenal is said to have previously seen a $292,000 a week deal offer rejected by Alexis Sanchez. Alexis Sanchez, 28, has been extensively linked with a move to Bayern Munich and EPL club Manchester City this summer, but manager Arsene Wenger is hopeful he'll stay to see out his final year of his deal at the Emirates.

Ozil close to accepting a new deal

Germany international Mesut Ozil is set to sign a new mouth watering deal with Arsenal worth around $292,000 per week, according to Metro.

It is suggested that Mesut Ozil's agent have been trying to find another club side for the German star around Europe, but top European clubs have been reluctant to meet Ozil's wage demands. And now, Arsenal have pounced in with a new and improved contract offer, and they are ready to bringing to an end one of the League's most ongoing transfer sagas.

The future of Mesut Ozil and fellow Arsenal teammate Alexis Sanchez have been the subject of speculations for months now with both players entering the final year of their current terms with Arsenal Football Club.

Nantes closes in on Reine-Adelaide loan move

French club Nantes are close to signing Arsenal's Jeff Reine-Adelaide on loan, according to Express.

Fellow French Ligue 1 club OGC Nice are said to have been linked with a move for the 19-year-old but now it appears that Nantes could be his final destination with talks set to hit the ground this week. The teen star is very much on the fringe of the first-team at Arsenal, and he is yet to make his EPL debut for the Gunners. Since joining Arsenal from Lens in the summer of 2015, Reine-Adelaide has managed to earn three EPL Cup appearances and has played twice in the FA Cup.