The midfielder, 32, has agreed to take a £283,000-per-week pay cut to join the Turkish giants this month.
Ozil was paid £350,000-per-week at Arsenal despite being frozen out of the first-team.
But he will sign for Fenerbahce on a three-and-a-half year deal worth £3.5million a year.
The transfer will see Ozil earn just 20 per cent of what he has been used to in North London.
But it has been revealed that he could land £670,000 in bonuses alone this season.
He will be handed an extra £445,000 if he helps Fenerbahce to a first league title since 2014.
A return to the Champions League would see new boy Ozil pocket another £222,000 bonus.
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