Mesut Ozil takes huge pay cut to leave Arsenal for Fenerbahce

LONDON, ENGLAND - JANUARY 21: Mesut Ozil of Arsenal passes the ball during the Premier League match between Chelsea FC and Arsenal FC at Stamford Bridge on January 21, 2020 in London, United Kingdom. (Photo by Shaun Botterill/Getty Images)

Mesut Ozil has taken a pay cut to leave Arsenal for Fenerbahce the Super Lig outfit revealed.

The club disclosed the financial details of the move on the Public Disclosure Forum (KAP) as is required by public listed companies in Turkey.

READ: The Secret Life Of Mesut Ozil

Ozil was earning £350,000-a-week at Arsenal, he was the highest-paid player at the club.

He has taken a pay cut in excess of 80 percent to join Fenerbahce where he will be earning €3m per-season.

Ozil will earn a €550,000-sign-on fee and could earn up to €1.75m in bonuses.

The playmaker will not be paid a wage by the club for the second half of the 2020-21 season.

Ozil was officially unveiled as a Fenerbahce in a signing ceremony held in Istanbul.

The 32-year-old has been cleared to play for the Yellow Canaries after undergoing his medical.

He will be registered with the Turkish FA and be eligible to make his debut next week against Rizespor in the Super Lig.