pancakes
Player Valuation: £50k
Well, he did reportedly refuse to take a wage cut following the lockdown, but surely they wouldn't hold that over himCould be anything mate. Modern contracts are like small novels.
Could be appearances = more cash. Or an extension.
It might be that a payment for image rights is triggered.
Or it could be that Arteta reckons he has no need for him in his team, but like you, am surprised he hasnt made at the EL squad. Hence, the suggestion that its contract related.