In response to a question whether Madrid have a buy-back clause in Ozil’s contract and if they would re-sign him, Balague said: "They can match whatever other teams pay for him and take him. But they will not. His Real Madrid era is gone.”
La Liga (@revistadelaliga) January 29, 2016
Ozil was on the books of Madrid for three years from 2010 to 2013, during which time he established himself as one of the best attacking midfielders in the world.
The Germany international won La Liga, the Copa del Rey and the Supercopa de Espana with Los Blancos.
Madrid sold the 27-year-old to Arsenal in the summer of 2013 for a transfer fee reported by BBC Sport to be worth £42.4 million.
The former Werder Bremen star has done quite well at the Emirates Stadium, especially this season.
The 2014 World Cup winner has scored three goals and created 87 chances in 21 Premier League appearances for Arsenal so far this campaign.
Ozil appears to be doing quite well at the Gunners, and Madrid are not missing him either.
Madrid are third in La Liga at the moment with 44 points from 21 matches, four points behind leaders Barcelona, who have a game in hand.