Two big names are among the players being made available by Arsenal this summer.
A successful clearout could save £18m a season in salaries.
Andrey Arshavin, Johan Djourou, Sebastien Squillaci, Nicklas Bendtner, Marouane Chamakh, Park Chu-young, Denilson and Andre Santos can all leave and the Daily Mail the club will also consider offers for Thomas Vermaelen and Gervinho.