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Arsenal players and coaching staff have agreed to a 12.5% cut in wages amid the coronavirus pandemic, the club announced on Monday.
The Premier League club said the money would be repaid if the first-team reach certain targets should the season restart.
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A club statement read: "Reductions of total annual earnings by 12.5% will come into effect this month, with the contractual paperwork being completed in the coming days.
"If we meet specific targets in the seasons ahead, primarily linked to success on the pitch, the club will repay agreed amounts. We will be able to make those repayments as hitting these targets, which the players can directly influence, will mean our financial position will be stronger.
"The agreement is based on the assumption we will finish the season 2019/20 and receive the full broadcasting revenues. The resulting savings will help cover some of the financial risks we have this season in relation to our matchday and commercial income.
"We are proud and grateful to our players and staff for pulling together to support our club, our people and our community in these unprecedented times which are some of the most challenging we have faced in our history."
Source: espn.co.uk