Chelsea could become the first Premier League squad to take a voluntary pay cut, the UK Sun reports.
It is understood the players agreed to a slash in their wages, in a group WhatsApp chat with skipper Cesar Azpilicueta.
Despite extensive talks between top flight clubs and players, no team has so far agreed to a pay cut, to ease financial difficulties during the coronavirus crisis.
For Arsenal, their squad is believed to be close to an agreement over a 12.5% reduction, after head coach Mikel Arteta intervened to convince the players.
However, Chelsea may be further down the line in announcing their pay cuts, after the squad collectively agreed to take a £10million hit over the next four months.
The reduction represents a 10% pay cut and will kick in from next month, with the players agreeing for it to remain in place until the start of the new season.
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Anaedoonline.com reported that Real Madrid have confirmed that their players and coaches have agreed to take pay cuts between 10-20%, while the season remains suspended because of the coronavirus pandemic.
The Spanish giants, in a statement on Wednesday, said the measure has been taken in an effort to reduce the “traumatic measures that affect the rest of the workers”.
They follow in the footsteps of rivals Barcelona and Atletico Madrid, whose players have accepted a 70% cut to help non-playing staff.
“The players and coaches of the first Real Madrid football and basketball squads, led by their captains, together with the main executives from the different directions of the club have voluntarily agreed to lower their remuneration for this year by between 10 and 20 per cent, depending on the circumstances that may affect the closure of this 2019-20 sports season.
“This decision, adopted by players, coaches and employees, avoids traumatic measures that affect the rest of the workers, in addition to contributing to the entity’s economic objectives in view of the decrease in income that it suffers these months as a result of the suspension of competitions and the paralysis of a large part of its commercial activities,” it read.
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