- Arsenal chairman Sir Chips Keswick says the wage demands of Mesut Ozil and Alexis Sanchez will not be met
- The star duo, who are also the clubs highest paid players will see their contracts expire in the summer of 2018
- Sanchez and Ozil want deals up to £250,000-per-week that would make them one of Premier League's top earners
Arsenal chairman Sir Chips Keswick has suggested his side will not meet the wage demands of superstar duo Alexis Sanchez and Mesut Ozil.
The Chilean and the German who are the club's higest paid players will be out of contract next summer.
It is believed that each wants a significant pay rises before committing their respective long-term future to the Gunners. Despite the club's healthy finances (Arsenal are the seventh richest club in the world) and the duo's status as key players, it appears that Arsenal are determined to not be held to ransom.
According to reports Sanchez and Ozil want deals worth up to £250,000-per-week which would mean a £110,000 weekly increase, even though both are already top earners at the Emirates.
The Gunners have cash reserves in excess of £100m, but Keswick has insisted that Arsenal remain committed to what he describes as only 'rational' investment when it comes to squad retention.
"We have continued to invest in the region of key players," the chairman is widely quoted as saying by the Mirror.
"Francis Coquelin, Hector Bellerin, Laurent Koscielny and Olivier Giroud have all signed new contracts, while we have taken up options to extend the contracts of Per Mertesacker and Santi Cazorla.
"Further work is required in the area of contract renewals and we will continue to invest rationally in our squad retention.
"As expected, increased Premier League broadcasting revenues have had a direct impact on player costs both in terms of transfer prices and player wage demands.
"While these are market forces that have contributed directly over time to the success of the Premier League, I would sound a note of caution in light of the very material contractual commitments to future wages that clubs are taking on."
If Arsenal do not renew the contracts of their star players, they will have to consider selling them at the end of the season.
The Gunners could risk losing them as free agents in 2018 and seeing a £77m investment go down the drain.