SEAD KOLASINAC is willing to take a 50 per cent pay cut to make his loan move to Schalke permanent this summer, according to reports.
The Arsenal left-back, 27, returned to the Bundesliga strugglers in January on loan until the end of the season.
Kolasinac has been a Gunners player for four years, since joining from Schalke on a free transfer in the summer of 2017.
But, after failing to hold down a regular starting spot at the Emirates this season, he was thrilled to return to the German club.
Unfortunately, his move back to Gelsenkirchen has turned into a disaster with the club destined to be relegated.
Schalke sit dead-last in the top-flight, 13 points adrift of safety with just six games to play.
Having already been hit hard by the coronavirus pandemic, Schalke officials are planning for life in the second tier.
And that means they won’t be able to afford Kolasinac’s £100,000-a-week wages.
But BILD claim the Bosnian club favourite is willing to slash his wages in half to stay at the VELTINS-Arena – even if they are relegated.
Arsenal are unlikely to take Kolasinac back after Mikel Arteta went on a squad-trimming mission in January.
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As well as Kolasinac, Arsenal offloaded William Saliba, Ainsley Maitland-Niles and Joe Willock on loan.
Shkodran Mustafi, Sokratis Papastathopoulos and Mesut Ozil were allowed to leave permanently.
All in all, those departures will save the club over £30m per YEAR in wages.
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Source: Soccer - thesun.co.uk