Arsenal rewarded Mesut Ozil with a new £350,000-a-week contract in January, while Henrikh Mkhitaryan and Pierre-Emerick Aubameyang are the next highest earners on £200,000 and £180,000 respectively.
The Gunners are also trying to strike a new deal for Jack Wilshere, however they have told him to accept a pay cut.
Negotiations for a new deal for Aaron Ramsey has hit an impasse and there is likely to be an exodus of players especially if there is a change of manager.
And according to The Times, some of the squad are fostering great resentment towards Aubameyang, Mkhitaryan and Ozil.
It is said some of the squad are well aware that results have worsened since the contracts were signed.
A meeting, the report also suggests, was held to resolve problems on the pitch.
Wenger’s men have now won just eight of 14 matches in all competitions in 2018 and are sixth in the Premier League table.
With a Europa League clash away to AC Milan on Thursday (6pm), the Gunners will be in need of a positive result.
Wenger is under huge pressure to turn things around and could face the sack.
A number of names have emerged as potential successors to Wenger with Thierry Henry, Carlo Ancelotti and Joachim Low the favourites.
Thursday’s clash with AC Milan could be a pivitol moment with the Europa League the last chance to salvage the season.
Meanwhile, Gary Neville suggested on Sky Sports’ Monday Night Football that clubs would be “queueing up” to face Arsenal.
He said: “I have to say, I think everybody would be queueing up to play Arsenal this weekend.
“They’ve had a week from hell.”