Arsenal would still have to pay half of Mesut Ozil’s wages should they land Ivan Perisic in a swap deal, according to reports in Italy.
But Inter are unwilling to cover the full costs of the German’s wages which would leave Arsenal forking out £175,000-a-week, according to jounalist Tancredi Palmeri.
That would see out-of-favour Ozil, 30, remain the second-highest paid player at the Emirates despite representing another club.
Arsenal are already in talks with Croat Perisic over a loan move with an option to buy in the summer.
Unai Emery wants to bolster his squad in January with the addition of 29-year-old Perisic, who has scored three goals for Inter this season.
An option to buy is likely to cost Arsenal £30million with wages of £250,000-a-week, reports in Italy say.
Perisic had been a top target for Jose Mourinho during his time at Manchester United.
Ozil, meanwhile, has not represented Arsenal in the Premier League since Boxing Day, coming on as a second-half sub in Friday’s 3-1 FA Cup defeat to United.
Spanish boss Emery has questioned Ozil’s physicality in the past, with the German sidelined for big games.
In November he dropped the fragile forward and Ozil has failed to regain his place, with an Emirates exit most likely.