The coronavirus pandemic is wreaking havoc on the financial side of football right now.
Certain clubs are having to place staff on furlough, while Premier League teams have been trying - and failing - to negotiate pay cuts with their squads.
That's not to say top footballers in the UK are not playing their part, they most certainly are. The majority are donating huge amounts to the NHS and other charities to help combat the Covid-19 outbreak.
But the issue of salaries is one that's not going away, such are the financial implications of the domestic season being postponed indefinitely.
As such, teams are having to get the message through to their players that cuts could be inevitable.
According to the report, the proposal made by the club pretty much fell on deaf ears, which suggests the squad aren't exactly confident of qualification - something they haven't achieved since 2016.
Arsenal's only chance of qualification is through the Premier League and they currently sit five points outside of the top four Champions League places.
However, fifth-place could be a new, temporary route into the competition if Manchester City's Champions League ban is upheld.
Were Arsenal to qualify for club football's most prestigious domestic tournament, it would play a huge hand in convincing Pierre-Emerick Aubameyang to remain at the club.
The Gabon striker has flirted with an exit in recent months, with his contract set to expire in the summer of 2021.
A player of his quality needs to be playing Champions League football, something the Gunners have yet to provide him with.
Mikel Arteta has some very tough questions to answer in the coming months.
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