It is thought Ozil will forego a portion of the outstanding wages on the remainder of his contract.
The developments come after progress was made in talks between Arsenal Technical Director Edu, Fenerbahce Director Emre, and Ozil's agent. Arsenal made it clear they wanted Ozil to leave this month before his £350,000 a week contract runs out in the summer.
Fenerbahce have also agreed a deal to sign QPR winger Bright Osayi-Samuel in the summer.
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!