The German playmaker cost the Gunners a club record £42.5m last year when he arrived from Real Madrid with a reputation as one of the very best playmakers on the planet.
However the move hasn’t quite been the success he or Arsene Wenger had hoped for, leading to talk of a move back to the Bundesliga with Bayern Munich – which the player himself has dismissed.
And now City are also on the scene after being alerted by the uncertain situation.
The 26-year-old is currently facing a lengthy spell on the sidelines – he may return this winter – through injury, but the Sky Blues have not been deterred.
Manuel Pellegrini is optimistic the Londoners will accept their offer, despite it being £10m less than they paid 12 months ago, due to Ozil’s failure to adapt to Gunners life.
City have a history of signing players from Arsenal, with Bacary Sagna, Gael Clichy and Samir Nasri three high-profile examples of business between the rivals.