The January transfer window is now open, with Arsenal continuing to be linked with a host of big names.

The Gunners have endured a torrid first half of the season and have been tipped to bolster their ranks this month - in addition to offloading out-of-favour players - in a bid to turn their campaign around.

Here, Sports Mole rounds up the latest news on possible comings and goings at the Emirates Stadium.

Monday morning's Arsenal transfer talk news roundup:

Mesut Ozil 'wants £68,000 a week from Arsenal until 2023'

Arsenal attacker Mesut Ozil reportedly wants £68,000 a week from the Gunners until 2023 in order to leave the club before the end of the month.

The 32-year-old's current deal at the Emirates Stadium is due to run until June, but it is understood that the capital giants have opened discussions with the playmaker over the possibility of buying out his contract.

Ozil earns £350,000 a week at the club, but according to The Sun, the former Germany international is preparing to offer Arsenal the chance to spread out the remainder of his contract until 2023.

The report claims that the former Schalke 04 youngster wants £68,000 a week from Mikel Arteta's side over the next three years, which would cut monthly spending levels by £1.2m.

Ozil has not been involved for the Gunners during the 2020-21 campaign, having been left out of the club's Premier League and Europa League squads.

DC United and Fenerbahce are thought to be the favourites to sign him on a free transfer.

Lucas Torreira heading for Fiorentina loan move?

Arsenal could reportedly recall Lucas Torreira from his loan spell at Atletico Madrid in order to send the midfielder to Fiorentina for the second half of the 2020-21 campaign.

The 24-year-old was deemed surplus to requirements at the Emirates Stadium over the summer and subsequently joined Atletico, but he has struggled for regular action at the Wanda Metropolitano.

A recent report claimed that the Gunners are considering ending the Uruguay international's stay with Diego Simeone's side due to his lack of football.

According to Mundo Deportivo, Fiorentina have emerged as suitors for the South American, with the Italian outfit prepared to offer him regular football in the second half of the season.

Torreira has made 89 appearances for his parent club in all competitions since arriving from Sampdoria in 2018.

The midfielder still has two and a half years left to run on his contract with the Gunners.

More transfer news from Arsenal:

Kevin Campbell urges Arsenal to sign Norwich City's Emiliano Buendia
Former Arsenal striker Kevin Campbell believes that the Gunners should be looking to sign Norwich City's Emiliano Buendia this month. Read more.

Real Betis to rival Genoa for Arsenal's Sokratis?
Real Betis reportedly join Genoa in the race to sign out-of-favour Arsenal centre-back Sokratis, who is expected to leave the club this month. Read more.