Arsenal have confirmed that, as its stands, nine players will be walking away from their men's and women's sides this summer, although they have indicated that they want to keep contract rebel Eddie Nketiah.
Forward Nketiah, 23, is out of contract at the Gunners at the end of the month, and has been expected to walk away from the Emirates Stadium on a free transfer despite Arsenal's best efforts to keep him.
Gunners boss Mikel Arteta did give the England under-21 international more game-time at the end of the 2021-22 campaign, and he responded with five goals in his last seven appearances of the season.
But that wasn't enough to quell the speculation around the forward, who has scored 23 goals in 92 games for the Gunners since his senior debut in September 2017.
A host of clubs are still keen on Nketiah, but after naming him in their released list for this summer in a statement on their website, Arsenal made clear that a contract had been offered to him amid ongoing discussions.
Speaking shortly before the end of the campaign, Arteta indicated that Arsenal were keen for Nketiah to stay.
"He’s doing what he’s done all season – when he’s been on the bench, sitting at home or on the pitch," Arteta told Sky Sports after Nketiah scored twice against Leeds.
"This boy doesn’t change, that’s why we absolutely adore him and he deserves what is happening to him."
Alexandre Lacazette was the only other men's first-team player on the list, with the club's former captain having completed a move to Lyon earlier this week.
Arsenal's Women, who came second in the Women's Super League in 2021-22, are losing Scotland international Lisa Evans, who spent last season on loan at West Ham, two-time US World Cup winner Tobin Heath, who joined from Manchester United last year, Austrian Viktoria Schnaderbeck, who played for Tottenham on loan last season, and Australian goalkeeper Lydia Williams, although the latter is still in discussions over a new deal.
From the club's men's academy, Jonathan Dinzeyi, Joel Lopez and Jordan McEneff are all departing.
Speaking at his Lyon unveiling this week, Lacazette explained why he has returned to his former club despite seeing his pay packet reduce.
“My love for the club was enough (for me to take a pay cut),” he said.
“The project is also very important for me. It was a decision I took with those close to me and in the end, I’m happy. It is moving to rediscover this stadium. I can’t wait to wear the shirt.
“It was difficult to follow Lyon from a distance last season and not be able to help them. I hope that this period is over and we can refind a strong Lyon. The objective is certainly to help the club get back to the top, and achieve a European qualification.”