Arsenal hold the fourth-highest wage bill in the Premier League, spending more than both Chelsea and Tottenham despite finishing eighth in the table.

The Gunners have little money to spend this summer due to the COVID-19 pandemic, leaving Mikel Arteta looking to wheel and deal to reshape his squad.

SafeBettingSites have compiled a list of the highest average annual player salary across the Premier League, La Liga, Serie A, Bundesliga and Ligue 1.

According to their data, Arsenal spent $6.27million on their wage bill last year, with a large chunk of that taken up by outcast Mesut Ozil, who earns £350,000 per week.

The size of some players' salaries further underlines the difficulty Arteta may face when offloading fringe players, with suitors less likely to want to match their high wages, never mind pay a fee.

For Chelsea, they sit narrowly behind Arsenal with an annual spend of $6.24million, having shed Eden Hazard from their squad and incurred a transfer ban.

That will rise this summer with Timo Werner and Hakim Ziyech already through the door, whilst further big-money additions such as Ben Chilwell and Kai Havertz have been linked.

Finding a suitor for Kepa Arrizbalaga and his reported 170k-a-week wages will also be a key task for Frank Lampard and the Chelsea recruitment team, with the likes of Andrea Onana and Dean Henderson touted as potential replacements.

Tottenham completed their first business in the summer by signing Pierre-Emile Hojbjerg but any further additions are likely to be balanced with departures.

Jose Mourinho's side have the Premier League's seventh-highest wage bill ($5.18million) with Everton ahead of them in those standings as well as their London rivals.

Manchester City, Manchester United and Liverpool lead the way, unsurprisingly, with the former under Pep Guardiola the fourth-most expensive squad in Europe.

Only Barcelona, Real Madrid and Juventus spend more on wages than City, with Paris Saint-Germain and Bayern Munich ahead of Manchester United and Liverpool.

Meanwhile, West Ham United's wage bill comes in at $3.96m and fellow London rivals Crystal Palace's is $3.78m.