MADRID, April 20 (Xinhua) -- Valencia players will accept pay cuts because of the economic damage from the coronavirus pandemic, the La Liga club confirmed on Monday.

"The club is particularly grateful for the solidarity of the first team, who, by reducing their wages, will help the club protect all its workers and their families in such difficult circumstances," said the club in a statement.

Valencia have not specified by how much the players will reduce their wages.

A number of La Liga's leading teams have applied pay cuts. Barcelona, Atletico Madrid and Sevilla players have all accepted 70 per cent pay cuts per month while Real Madrid players will lose 10 percent of their annual salary, as long as the season restarts, and 20 percent if the season is cancelled.

La Liga president Javier Tebas has estimated the pandemic will cost the league one billion euros (1.08 billion US dollars) if the season is cancelled.