Reports in England state that Arsenal have threatened to sell any player who goes into the last two years of his contract and not ready to sign new contract at the club.

This development came as the Gunners unveiled a new transfer policy in a bid to stop players running down their contracts after seeing the likes of Aaron Ramsey, Danny Welbeck, Alexis Sanchez and Jack Wilshere leave without receiving a fee.

Managing director Vinai Venkatesham says the club must do more to avoid those situations in the future, and has given a clear ultimatum to players with two years left on their deals that they either renew or they will be sold, report the Daily Mail.

That means a busy summer of transfer negotiations with eight players having two years remaining on their current deals including Pierre-Emerick Aubameyang, Mesut Ozil, Henrikh Mkhitaryan and Laurent Koscielny.

Venkatesham has hinted that the club will need to be creative in the market. He told the club website: ‘When we are selling players we need to maximise the funds we get to reinvest in the team.

‘We need to be really disciplined when we are dealing with senior players who are not towards the end of their careers.

‘So that means we have to start making the difficult decisions when they have two years left on the contracts. We’re either going to renew those contracts or we’re going to be selling them.

‘We’re going to have to be brave in those decisions because we can’t be in a situation where we’re allowing players to walk out of the door for free unless they are coming towards the end of their careers.’