Arsenal are reportedly aiming to raise £60m from a major summer clearout before the 2021-22 campaign gets underway.
Having been knocked out of the Europa League by Villarreal and unlikely to finish in the top seven of the Premier League table, the Gunners' 25-year stint in European football is expected to come to an end next year.
Mikel Arteta will supposedly be backed by Stan Kroenke in the summer transfer market, and the Arsenal boss is thought to be planning a mass overhaul following an underwhelming season.
According to football.london, the Gunners will seek to boost their transfer kitty by £60m this summer, and players on the chopping block include the likes of Bernd Leno, Hector Bellerin, Lucas Torreira, Sead Kolasinac, Ainsley Maitland-Niles and Matteo Guendouzi.
There is also uncertainty surrounding the futures of Alexandre Lacazette and Eddie Nketiah, with the Gunners thought to be eyeing 6ft 7in Genk forward Paul Onuachu as an ideal signing.
Brighton & Hove Albion's Yves Bissouma and Ajax goalkeeper Andre Onana are both thought to be on Arteta's wishlist, and the Gunners are allegedly hopeful of offloading Konstantinos Mavropanos to Stuttgart on a permanent deal.
The Gunners continue their Premier League campaign away to London rivals Chelsea on Wednesday night.