Arsenal are reluctant to hand David Luiz a new deal over financial pressure.

Luiz's current contract expires at the end of next month.

The Daily Mail says the Gunners are languishing in ninth place and look unlikely to achieve Champions League football next season, which would be their third season outside of European football's elite competition.

Arsenal are hesitant to extend Luiz's contract as a result of financial pressures the club is facing. Another year without the Champions League, as well as the economic hardship inflicted by the coronavirus crisis, leaves The Gunners in a tricky position.

And the Brazilian has expressed his desire to leave this summer, saying he wishes to return to Portuguese side Benfica, with whom he played before joining Chelsea in 2011.