Arsenal have released five young players, including 22-year-old Iceland international Olafur-Ingi Skulason.
Midfielder Skulason leaves after four years with the Gunners, in which time he won two Iceland caps, most recently against Italy four weeks ago.
Also heading for the exit are Adam Birchall, Jordan Fowler, Danny Karbassiyoon and Frankie Simek.
American Karbassiyoon, 21, joined as a striker but played six games as a left-back on loan at Ipswich last term.
He scored for Arsenal in their Carling Cup win over Manchester City but could not hold down a place in the first-team squad.
Compatriot Simek had loan spells with QPR and Bournemouth, but the 20-year-old defender was restricted to reserve-team games at Highbury.
Striker Birchall, 20, scored five goals in a 15-game loan spell at League Two Wycombe and earned international recognition with Wales Under-21s.
Fowler had a six-game loan spell with Chesterfield but the 20-year-old midfielder had his season ended prematurely by a knee injury.