Kolasinac returns to Arsenal after Schalke loan transfer as Germans reveal ‘decision hurts in human terms’

It reads: "This decision hurts us both in sport and human terms.

"In view of the current budget and squad structure - all the known and publicly discussed challenges - there was no alternative. We have to be so honest.

"We are very grateful to them that they supported the association they love to the best of their ability for six months.

"Every time you meet them you can feel how important Schalke 04 is to them and how much they feel connected to the club.

"We would like to say thank you for the great passion and support you have shown the club in these difficult times."

Journalist Chris Wheatley reports Kolasinac has failed to reach an agreement with Schalke due to the club's financial limitations.

Alongside his team-mates, Kolasinac was targeted by Schalke fans in protests following the club's relegation.

Eggs, fireworks and abuse were hurled at the squad, which included Shkodran Mustafi, by a 600-person mob.

Mustafi has since been released by the German outfit, lasting just three months at the VELTINS-Arena.

The former Germany international moved back to his homeland after his contract was terminated by the Gunners in February.

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