Arsenal superstar Mesut Ozil has a buy-out clause, which Real Madrid can activate, according to a document revealed on the Football Leaks website, as reported via the Telegraph.

As per the site, the German international, who has been in scintillating form this campaign, can be purchased back by his former employers for a fee of around €50m.

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With the clause in place, the Spanish giants, currently managed by club legend Zinedine Zidane, are allowed to have a 48-hour first refusal option on Ozil. This means that if another club from the same league as Madrid agree a sale price with Arsenal, Los Blancos can step in and activate the clause, giving them the right to sign the 27-year-old.

It’s, however, unlikely that Ozil would rejoin Madrid, despite the buy-back clause, with the German claiming he is happy at Arsenal and is ‘enjoying every day with the club’.

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I am really happy at Arsenal and I want this to continue.

I played in the Bundesliga and at Real Madrid. But the English Premier League is the strongest league in the world. Opponents never give up.

Ozil was unable to help his side in their 1-0 loss to Chelsea at the weekend, leaving them three points behind first placed Leicester City in the Premier League.