Former Arsenal transfers chief Dick Law insists Mesut Ozil's wages aren't to blame for their limited transfer budget.

The retired Germany international's deal sees him pocket a staggering £350,000-a-week.

Law told Goal: “Arsenal can afford the Ozil salary.

"What people don't fully understand is you amortise the cost of a transfer in conjunction with the player's salary.

“If you look at the Hazard move to Madrid. Let's say they paid £100m over five years, so that's £20m [a year].

"And let's say for argument sake they are paying him £15m. So that move is costing them £35m a year.

“Now, Ozil is not costing Arsenal anywhere near that number. So, it's not just the player's salary you have to consider when managing the cost of a player, it's combined. It's the amortisation of the transfer, plus the salary."