Mesut Ozil has agreed to a new deal with Arsenal and will stay with the North London based outfit until 2021.
The contract deal will make Ozil the highest paid player in Arsenal history.
The playmaker of Turkish origin will make £350,000 a-week according to the BBC.
The deal, signed on Wednesday follows months of transfer rumors linking the 29-year-old with an Emirates exit.
SportBild claim that Ozil turned down Manchester United, Barcelona and Paris Saint Germain to stay at the Emirates.
Per the source, the Gunners star also rejected a big money offer from China which would have made him £22 million per-season.
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Ozil was closely linked with a move to United following former teammate Alexis Sanchez to Old Trafford.
The 2014 World Cup winner turned down the opportunity to work with his former Real Madrid manager Jose Mourinho to stay at Arsenal.
The latest developments comes on the day Arsenal broke their transfer record to sign striker Pierre-Emerick Aubameyang from Borussia Dortmund.
Aubameyang and Henrikh Mkhitaryan have joined the Gunners in January.
Ozil has made 49 assists since his debut in 2013 which is more than any other Premier League player since then.
The Germany international has won three FA Cup trophies since joining Arsenal and has also created the highest number of chances in the league (458) since making his debut.
Ozil has been in fine form this season picking up man of the month trophies for November and January.
The playmaker has four goals and seven assists in all competitions this season.
