Manchester United are one of a number of clubs who could miss out on millions in transfer revenue due to the coronavirus, according to analysis conducted by the CIES Football Observatory.

With all football across Europe on pause for the foreseeable future due to the pandemic, clubs are approaching the transfer window amid an impending economic crisis.

League seasons may not be completed before the June 30 cut-off date proposed by governing bodies, which is also the end date for expiring contracts, both permanent and those on temporary loan deals.

As such clubs are predicted to see a vast reduction in value of their players.

Paul Pogba's future remains a big talking point, with his future at Old Trafford far from certain amid interest from the likes of Juventus and Real Madrid.

Pogba has barely played this season due to a string of injuries and will enter the final 12 months of his contract in July, though the club are able to trigger a one-year extension.

United are understood to want well over £100million to enter into negotiations over a transfer , though CIES Football Observatory report his value is closer to £58m and his lack of playing time and length of contract actually makes Pogba worth closer to £31m.

Pogba is one of a number of examples the study shows, with Europe's big five leagues - Premier League, LaLiga, Serie A, Ligue 1 and Bundesliga - in total estimated to lose £8.31billion in player value.

In Pictures | Every major sporting event affected by coronavirus 30 show all In Pictures | Every major sporting event affected by coronavirus 1/30 Action Images via Reuters 2/30 Euro 2020 The European Championship will now be playing from June 11 to July 11 in 2021. AP 3/30 Premier League The Premier League has been postponed until April 3, with a view to fixtures being held on April 4 at the earliest. Getty Images 4/30 EFL The EFL - the Championship, League 1 and League 2 - will see no further action until April 3 at the earliest.



Grassroots football has been postponed until further notice. Getty Images 5/30 Champions League The remaining last-16 ties, and future draws for the quarter-finals and beyond, have been postponed indefinitely. UEFA via Getty Images 6/30 Europa League As with the Champions League, the remaining Europa League last-16 ties and future draws have been postponed indefinitely. UEFA via Getty Images 7/30 LaLiga All professional leagues in Spain have been postponed for the next two weeks. AFP via Getty Images 8/30 Bundesliga All games have been suspended until April 2. Bongarts/Getty Images 9/30 England internationals Scheduled friendlies against both Italy and Denmark for late March have been cancelled. Getty Images 10/30 Scottish football All Scottish Premiership and Scottish Football League fixtures have been postponed until further notice. Getty Images 11/30 Six Nations Ireland vs Italy (March 7) and Italy vs England and France vs Ireland (March 8) postponed. Guinness Pro14 has been suspended indefinitely. REUTERS 12/30 French Open The French Open is the first grand slam to be postponed due to the coronavirus pandemic, moving from May to September. AFP via Getty Images 13/30 London Marathon The 2020 London Marathon has been moved to October 4.



The London Landmarks Half Marathon has been postponed, with a new date yet to be confirmed. AFP via Getty Images 14/30 Olympic Games Tokyo will now host the Olympics in 2021, with new dates yet to be confirmed. AFP via Getty Images 15/30 Grand National Locked gates at Aintree Racecourse, Liverpool, following yesterday's announcement that the 2020 Randox Health Grand National, due to take place on Saturday April 4, 2020, has been cancelled PA 16/30 Horseracing The Grand National has been called off. PA 17/30 Premiership Rugby Cup Final The final between Sale and Harlequins on Sunday 15 March has been postponed Getty Images 18/30 Rugby League Rugby Football League and Super League has been suspended until April 3. Getty Images 19/30 Athletics World Indoor Championships in Nanjing, China (Mar 13-15) called off.



Paris Marathon (Apr 5) postponed until Oct 18 and Rome Marathon (Mar 29) cancelled.



Boston Marathon (Apr 20) also postponed. AFP via Getty Images 20/30 Basketball NBA season suspended “until further notice”. USA TODAY Sports 21/30 Baseball MLB season delayed for at least two weeks. REUTERS 22/30 Cricket England's tour of Sri Lanka has been called off due to coronavirus.



The 2020 IPL season has been postponed until April 15. PA 23/30 Cycling UAE Tour race cancelled with two stages left, while Team INEOS among teams to withdraw from racing until Mar 23. AFP via Getty Images 24/30 Darts European Darts Grand Prix in Sindelfingen, European Darts Open in Leverkusen and next month’s German Darts Grand Prix in Munich cancelled as well as the Rotterdam leg of the Premier League. Getty Images 25/30 Golf The Masters has been postponed, following a similar fate for the Players Championship at Sawgrass.



Meanwhile, the European Tour postponements include the Maybank Championship, China Open, Kenya Open, Indian Open and Czech Masters.



Next three tournaments on LPGA Tour postponed. Getty Images 26/30 Ice Hockey NHL season has been suspended. AP 27/30 Ice Skating World Short Track Speed Skating Championships (Mar 13-15) and World Figure Skating Championships (Mar 16-22) cancelled. Getty Images 28/30 Motorsport Sunday’s opening Australian Grand Prix in Melbourne called off, followed soon by Bahrain and Vietnam GPs.



Formula E races at Sanya, Rome and Jakarta postponed, while the opening four races of the MotoGP season in Qatar, Thailand, US and Argentina called off. AFP via Getty Images 29/30 Snooker China Open (Mar 30-Apr 5) in Beijing cancelled. Getty Images 30/30 Other tennis ATP and WTA Tours suspended until late April. Major tournaments that have fallen include Paribas Open at Indian Wells while next month’s Fed Cup finals in Budapest and Fed Cup play-offs, due to be held in eight locations, are off. Getty Images 1/30 Action Images via Reuters 2/30 Euro 2020 The European Championship will now be playing from June 11 to July 11 in 2021. AP 3/30 Premier League The Premier League has been postponed until April 3, with a view to fixtures being held on April 4 at the earliest. Getty Images 4/30 EFL The EFL - the Championship, League 1 and League 2 - will see no further action until April 3 at the earliest.



Grassroots football has been postponed until further notice. Getty Images 5/30 Champions League The remaining last-16 ties, and future draws for the quarter-finals and beyond, have been postponed indefinitely. UEFA via Getty Images 6/30 Europa League As with the Champions League, the remaining Europa League last-16 ties and future draws have been postponed indefinitely. UEFA via Getty Images 7/30 LaLiga All professional leagues in Spain have been postponed for the next two weeks. AFP via Getty Images 8/30 Bundesliga All games have been suspended until April 2. Bongarts/Getty Images 9/30 England internationals Scheduled friendlies against both Italy and Denmark for late March have been cancelled. Getty Images 10/30 Scottish football All Scottish Premiership and Scottish Football League fixtures have been postponed until further notice. Getty Images 11/30 Six Nations Ireland vs Italy (March 7) and Italy vs England and France vs Ireland (March 8) postponed. Guinness Pro14 has been suspended indefinitely. REUTERS 12/30 French Open The French Open is the first grand slam to be postponed due to the coronavirus pandemic, moving from May to September. AFP via Getty Images 13/30 London Marathon The 2020 London Marathon has been moved to October 4.



The London Landmarks Half Marathon has been postponed, with a new date yet to be confirmed. AFP via Getty Images 14/30 Olympic Games Tokyo will now host the Olympics in 2021, with new dates yet to be confirmed. AFP via Getty Images 15/30 Grand National Locked gates at Aintree Racecourse, Liverpool, following yesterday's announcement that the 2020 Randox Health Grand National, due to take place on Saturday April 4, 2020, has been cancelled PA 16/30 Horseracing The Grand National has been called off. PA 17/30 Premiership Rugby Cup Final The final between Sale and Harlequins on Sunday 15 March has been postponed Getty Images 18/30 Rugby League Rugby Football League and Super League has been suspended until April 3. Getty Images 19/30 Athletics World Indoor Championships in Nanjing, China (Mar 13-15) called off.



Paris Marathon (Apr 5) postponed until Oct 18 and Rome Marathon (Mar 29) cancelled.



Boston Marathon (Apr 20) also postponed. AFP via Getty Images 20/30 Basketball NBA season suspended “until further notice”. USA TODAY Sports 21/30 Baseball MLB season delayed for at least two weeks. REUTERS 22/30 Cricket England's tour of Sri Lanka has been called off due to coronavirus.



The 2020 IPL season has been postponed until April 15. PA 23/30 Cycling UAE Tour race cancelled with two stages left, while Team INEOS among teams to withdraw from racing until Mar 23. AFP via Getty Images 24/30 Darts European Darts Grand Prix in Sindelfingen, European Darts Open in Leverkusen and next month’s German Darts Grand Prix in Munich cancelled as well as the Rotterdam leg of the Premier League. Getty Images 25/30 Golf The Masters has been postponed, following a similar fate for the Players Championship at Sawgrass.



Meanwhile, the European Tour postponements include the Maybank Championship, China Open, Kenya Open, Indian Open and Czech Masters.



Next three tournaments on LPGA Tour postponed. Getty Images 26/30 Ice Hockey NHL season has been suspended. AP 27/30 Ice Skating World Short Track Speed Skating Championships (Mar 13-15) and World Figure Skating Championships (Mar 16-22) cancelled. Getty Images 28/30 Motorsport Sunday’s opening Australian Grand Prix in Melbourne called off, followed soon by Bahrain and Vietnam GPs.



Formula E races at Sanya, Rome and Jakarta postponed, while the opening four races of the MotoGP season in Qatar, Thailand, US and Argentina called off. AFP via Getty Images 29/30 Snooker China Open (Mar 30-Apr 5) in Beijing cancelled. Getty Images 30/30 Other tennis ATP and WTA Tours suspended until late April. Major tournaments that have fallen include Paribas Open at Indian Wells while next month’s Fed Cup finals in Budapest and Fed Cup play-offs, due to be held in eight locations, are off. Getty Images

Premier League champions Manchester City will see the biggest monetary hit with £368.30m taken off their worth, estimated to be around 30.1 per cent of their total.

Marseille will lose £86.74m, considerably less than City but it represents 37.9% of their total - the biggest across the big five. Inter Milan are not far behind with 35.7%.

You can read the full report here.