Arsenal are set to tie up new mega deals for their two superstars – Alexis Sanchez and Mesut Ozil.

Arsene Wenger's men have made a strong start to the new English Premier League season, and are currently joint-top with Manchester City.

While their Champions League fortunes are hanging by a thread, there is a genuine feeling that this season Arsenal will challenge for the Premier League title.

With that in mind, Arsene Wenger is keen to tie up the long-term futures of both Sanchez and Ozil.

Sanchez has reportedly agreed a new five-year contract, worth around £150,000 a week, with several incentives added to the mega deal as well, according to the Daily Mirror. That is higher than his current contract worth around £130,000 a week, with the new contract potentially worth as much as £40million.

Ozil is also set to earn mega bucks in his new contract, which is also expected to be agreed upon soon. The timing is quite right too, considering Ozil is having his best season at Arsenal yet, running the game from his favoured central position and giving assists like sweets in Diwali or Halloween.

"I think as a team you can see that we've become more mature," Ozil told Arsenal Player when asked the reason behind his outstanding season so far. "We've learnt from our mistakes and you can see on the pitch that we're more steady.

"We've had some setbacks this season but we've learnt from them and it shows on the pitch that my teammates are looking for me even more and I'm able to control the game better.

"You can see that we function well as a team. It doesn't matter who plays from the start, we're always there. You need a big squad if you are to be successful and that's why things are working well.

Ozil is also confident Arsenal can compete for titles this season, as their results against the big teams have improved since the turn of the year.

"When you look at the past seasons, we've always been a technically-strong team but when we played against big teams, we dropped points," Ozil, who signed from Real Madrid for £42.5m, added.

"In the second half of last season and in this year so far, we've proved ourselves against the biggest teams. You learn from your mistakes and we can measure ourselves with the best. That distinguishes us as a team."