The star duo's contracts expire at the end of the season and Gunners chiefs are scrambling tie them down on new deals.
It had been suggested that the Gunners were ready to cash in on both players in January, rather them let them leave for free, but the Daily Star claims that only one of them will be allowed to leave before the end of the current campaign.
"I can't say much about it".
The Germany global is approaching the final six months of his Gunners contract and is free to talk to foreign suitors once the transfer window reopens in January. The situation is clear.
Mkhitaryan, Manchester United head to Switzerland
But [he is in] no condition to start". - Phil Jones still in recovery from critical injury . He drops into areas where he gives stability to the team .
Barca are keen to sign him when the window reopens due to his Champions League eligibility, having only played in UEFA's secondary competition with Arsenal.
The La Liga leaders want to reinforce their squad by bringing in an attacking midfielder in January and Liverpool's Philippe Coutinho, who they unsuccessfully tried to sign last summer, is their No 1 target. This isn't the only factor giving them second thoughts, as the Mirror also report that there are certain officials rooting for the club to sign a younger player, which wouldn't suit the German as he nears his thirties.
"Leon will make a decision soon without us building any pressure on him".
Sanchez is hopeful of pushing through a move to Manchester City, after failing to join Pep Guardiola's side in the summer, while Ozil has been linked with a move to fellow Premier League side Manchester United and Spanish giants Barcelona.