Saracens director of rugby Mark McCall has said that despite the situation at the club, players will not be forced out.
We are only obliged to show compliance with the salary cap at the end of the year but we recognise there are special circumstances and that is why we want to demonstrate compliance as soon as possible.
"It's too early to say what we will do, but anybody running a business or anybody running any organisation who, for whatever reason, needs to reduce the salary bill has two fundamental choices".
According to the Daily Mail, it is the players whose contracts will be ending this season who are most likely to be at risk of wage cuts.
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"Ideally, that is what would happen and we must ensure that these players leave the club in a friendly manner and on good terms, not on bad terms". We're exclusively obliged to indicate compliance with the wage cap on the finish of the 12 months however we recognise there are particular circumstances and that's the reason we need to exhibit compliance as quickly as potential.
Saracens are now bottom of the Gallagher Premiership on minus seven points.
However, Williams has not featured for Saracens this season after picking up a long-term injury at the Rugby World Cup with Wales and they have plenty of cover for his position with the likes of Elliot Daly on the books.
The 27-year-old was involved in a heavy collision during his side's 62-5 Premiership defeat to Saracens on Saturday, with play stopped for 15 minutes as medics rushed onto the pitch to treat the struggling star.
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Clark, Figallo and Rhodes are 30, 31 and 32 respectively.
Williams' absence, combined with Alex Goode's long-term chest injury, had created an opportunity at full-back for Max Malins but he has undergone a foot operation for the second time this season.
"It is very disappointing for him to have such cruel luck after having four months out this season and having returned", McCall said.
"We all saw how exciting he looked. It's a young player and he will come back".
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