Iwobi believes that both players are very important to Arsenal and wants to them to remain at the club.
With less than 18 months left on their contract, negotiations over new deals for Sanchez and Ozil, prompting exits rumours.
Iwobi, however, believes that both players are very important to Arsenal and wants to them to remain at the club.
“As you can see with the stats and the goals they create, they are very key players in our team and everything offensively almost go through them,” Iwobi told BBC World Service.
“But even though we have other players, at the end of the day, there are very world class players so. They are very key to the teams.
“For the club, it will be great for them to say but at the end of it’s the players’ decision and it’s up to them.”
Arsenal players have come under criticism from fans following their miserable form which has seen them crash out of the Champions League and slip to sixth in the Premier League table.
Fans and pundits have also blamed the players for not showing enough fight for the club.
Iwobi, however, reveals that the players are not happy with the recent results and believes their form will improve after the international break.
“Everyone is the camp is not happy with what’s going on. We are really trying, everyone in training is pushing on,” the 20-year-old added.
“I’m sure after this international break, we will kick on.”
“We don’t let outside comment disturb our game. Even though we are on a disappointing spell, we will bounce back and fight for the manager because we are a very good team,” the Nigeria international added.
“Everyone gets criticised by fans, fans due to having opinion, you just can’t react.
“You just have to block out the criticisms at the end of the day. As a play you know where you have to improve on, to work on.
“As a team, we are not going through a good spell, we already know what we need to do. We all know what’s expected of us, we just have to push on really and do what’s right."
Arsenal host Manchester City at the Emirate Stadium on Sunday, April 2 in a Premier League clash.