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Superstars Alexis Sanchez and Mesut Ozil are both entering the final year of their respective deals at Arsenal and there is understandably a sense of worry among the supporters about the two players’ long term future at the Emirates, as the club hierarchy seem to be reluctant on matching the duo’s wage demands.

Now Arsenal chief Sir Chips Keswick has provided an update to the contractual situation regarding both Sanchez and Ozil, and has indirectly stated that the club will not be held ransom by extortionate salary requests from any player no matter how important.

Sir Chips said, "We have continued to invest in the region of key players. Francis Coquelin, Hector Bellerin, Laurent Koscielny and Olivier Giroud have all signed new contracts, while we have taken up options to extend the contracts of Per Mertesacker and Santi Cazorla.

"Further work is required in the area of contract renewals and we will continue to invest rationally in our squad retention. As expected, increased Premier League broadcasting revenues have had a direct impact on player costs both in terms of transfer prices and player wage demands.

"While these are market forces that have contributed directly over time to the success of the Premier League, I would sound a note of caution in light of the very material contractual commitments to future wages that clubs are taking on."

Arsenal have endured a number of injury setbacks over the past few weeks but the Gunners will only make a return to action next weekend, when they square off against Liverpool at Anfield, and the mini rest will certainly prove to be a blessing in disguise for the North London side in terms of the overall fitness of the squad.

Both Laurent Koscielny and Alex Iwobi had to be forced off during Arsenal’s 5-1 defeat to Bayern Munich in the Champions League last week but it is expected that the two players will be fit in time to feature against Liverpool.

As for Mohamed Elneny, who suffered an injury in the FA Cup clash against Sutton on Monday, the Egyptian midfielder will have a scan on his damaged ankle and manager Arsene Wenger will surely hope that the results are positive, especially with Santi Cazorla out for the rest of the season.

Aaron Ramsey is another player on the recovery trail for Arsenal following a calf injury sustained last month and the London Evening Standard claim that the Welshman is optimistic of returning to full fitness ahead of the Gunners’ FA Cup Quarter final clash against Lincoln City.

Arsenal suffer Cazorla and Elneny injury blows

Santi Cazorla has been out of action since October due to an ankle injury and the midfielder was initially expected to be out for just a couple of weeks due to the problem.

Unfortunately, Cazorla’s situation has not improved despite numerous surgeries over the past few months and now in a huge blow for the Gunners, the Daily Mirror have revealed that the 32-year-old midfielder will be ruled out for the rest of the current campaign.

Given Cazorla’s importance both on and off the pitch for Arsenal, his continued absence through injury will surely affect the Gunners in a negative fashion and it remains to be seen as to whether the veteran can return to his best if and when he regains full fitness.

In addition to Cazorla, another midfield player in Mohamed Elneny has also suffered an ankle injury (as reported by Football.London) and although the Egyptian’s situation is not as bad as the Spaniard, he looks set to be ruled out for the upcoming encounters against Liverpool and Bayern Munich over the next two weeks.

Ozil handed a special break by Wenger

Mesut Ozil has endured a dramatic loss of form over the past few matches and following the 5-1 defeat against Bayern Munich in the Champions League, the German star was completely omitted from the FA Cup 5th Round clash against Sutton United on Monday night.

The Times have now revealed that Ozil has been handed a special rest by manager Arsene Wenger to deal with his back spasms and the 28-year-old is currently recuperating back in Germany, spending time with his family members.

Perez wants to leave Arsenal

Arsenal secured the services of Lucas Perez from Deportivo La Coruna late into the summer transfer window and despite his credentials, the Spaniard has not had a fair chance to establish himself as a regular for the Gunners’ first team this season.

Although Perez has impressed whenever he has played, the 28-year-old has not been handed a consistent run of games by manager Arsene Wenger and now the player’s agent Rodrigo Fernandez Lovelle has made an admission that the striker wants to leave the Emirates Stadium in search of regular first team football next season.

Lovelle told Calciomercato, "The matter is that Lucas want to leave at all costs and is not happy at Arsenal. He hasn't settled and hasn't had the chance to play and show what he can do. No matter who will be the coach, we want to go. The player must have an opportunity to play."