Arsenal are reportedly not in discussions with Mesut Ozil over the possibility of terminating the attacker's deal.
The 31-year-old has not turned out for the Gunners since March, while he has not been involved in Mikel Arteta's first-team plans at the start of the 2020-21 campaign.
Ozil's contract at the Emirates Stadium is due to expire next summer, and it had been suggested that the London club were in talks with the former Germany international over ending his deal early.
However, according to ESPN, the Gunners have not held discussions with the playmaker over a termination and are not currently considering paying off the remaining time on his contract.
Ozil, who is thought to collect in the region of £350,000 a week, has been left out of Arsenal's 25-man squad for the group stages of the Europa League.
The former Schalke 04 youngster has scored 44 times and registered 77 assists in 254 appearances for the Gunners since arriving from Real Madrid in the summer of 2013.