Arsenal may lose striker Pierre-Emerick Aubameyang and Alexandre Lacazette if Unai Emery remains manager at the club next season.
According to Daily Mail, senior officials at the Emirates, fear that they could lose their best players.
Both Aubameyang and Lacazette are not close to signing new deals despite being in talks over new deals.
Both are keen to play Champions League football but, with Arsenal currently eighth and without a win in five games, that seems less and less likely.
Arsenal would have to pay at least £4m in compensation to sack Emery before the end of the season, though after pay-outs to his backroom staff the final total could rise significantly.