The Gunners have not appeared in the elite European competition since the 2016-2017 season, and it seemed unlikely that they would qualify in the current campaign as they occupied ninth place when football was suspended in the middle of the current coronavirus crisis.
The global pandemic is likely to wreak financial havoc on a number of clubs, including Arsenal, and according to the Daily Telegraph, the club began talks with their stars about a pay cut earlier this week.
However, not all players agree with the suggestions and it remains to be seen how the situation is resolved.
The Gunners’ hopes of qualifying for the Champions League were dashed when they were knocked out of the Europa League by Olympiacos in the last leg of 32 in February, although their form has generally been much improved under the new manager Mikel Arteta.
A number of key Arsenal players are still linked to an exit from the club, with figures like Pierre Emerick Aubemang and Alexandre Lacazette appearing to be seen by some of the top European teams.
And the Gabonese president of the FA, Pierre Alain Mounguengui, urges Aubameyang to leave the Emirates for a club playing more at his level.
“I don’t mean to say that Arsenal is not ambitious, but Arsenal do not have as high ambitions as some other clubs when it comes to Europe,” Mounguengui told ESPN.
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“So if Pierre could get a contract with a more ambitious club, he would definitely find his place there.
“On an individual level, we all consider him one of the best players in the world, but the advice I give him is to keep working and get the attention of the biggest and most ambitious clubs. “