Pierre-Emerick Aubameyang is the latest player who saw his contract terminated by Arsenal.
The Gabonese star was paid a lump sum of around ยฃ7 million to terminate his ยฃ350,000-a-week deal and move to Barcelona as a free agent.
It is similar to Mesut Ozil, as the Gunners ripped up the Germanโs contract.
When Ozil left for Fenerbahce last January, Arsenal paid 90 per cent of the midfielderโs wages until the summer, meaning they forked out around ยฃ7.38m
Under manager Mikel Arteta, the club has also terminated the deals of players like Willian, Sead Kolasinac and Shkodran Mustafi.
Willian refused to ask for a pay-off after his contract was torn up and joined Corinthians last summer, saving Arsenalโs eye-watering ยฃ20.5m as he had two years left on his ยฃ240,000-a-week contract.
Kolasinacโs contract was also terminated last month as he joined Marseille on a free transfer, while Mustafi left the Gunners in January 2021 for Schalke after his ยฃ90,000-a-week deal was also ripped up.