Arsenal plotting three big summer sales to get books balanced

Date published: Thursday 18th February 2021 11:15 - Matthew Briggs

Arsenal will reportedly continue with their cost-cutting plans this summer and plan to offload David Luiz and Alexandre Lacazette, among others.

The Sun suggest that the Gunners will continue to tighten their belts with little prospect of fans being admitted back into stadiums.

The Covid-19 pandemic has had a dramatic effect of clubs’ finances and Arsenal made cuts last month to reflect that. The club have also taken a £120m short-term loan from the Bank of England and are conscious that needs repaying.

Almost £700,000 a week was removed from the wage bill in January after the departures of Mesut Ozil, Shkodran Mustafi and Sokratis Papastathopoulos.

Sead Kolasinac, Ainsley Maitland-Niles and Joe Willock were also loaned out last month to ease the club’s financial concerns. And the paper says the pruning of the squad will continue in the summer.

Kolasinac is likely to leave for a nominal fee, and Mikel Arteta may consider offers for Willock and Maitland-Niles. The report also claims other home-grown stars Reiss Nelson and Eddie Nketiah could also be sold.

Matteo Guendouzi and Lucas Torreira will both be sold off with the club set to bank around £50m.

While Arsenal could also decide to cash in on Lacazette and let Luiz depart.

Lacazette will enter into the final year of a £150,000-a-week contract in July and talks over a new deal have been put on hold until the summer.

 

Incoming deals

“We will talk in the summer and make a decision on what is going to happen,” Arteta said recently. “We haven’t talked about anything relating to his contract.”

Despite the 29-year-old being a key man in Arteta’s squad, they could still decide to sell the striker.

Former Chelsea defender Luiz, 33, will be out of contract this summer and the report says he will “probably be released”.

On the incoming front, the club intend to make the loans of Dani Ceballos, Matt Ryan and Martin Odegaard permanent.

Those deals, per the source, will though be reliant on Arsenal securing European qualification.

READ MORE: Arteta accepts criticism of Arsenal winger is fair game

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