The Arsenal players who were reportedly inhaling nitrous oxide, aka "hippy crack" at a nightclub during the summer will be "reminded of their responsibilities as representatives of the club", a Gunners spokesman said.
Stars including Mesut Ozil, Pierre-Emerick Aubameyang, Alexandre Lacazette and Matteo Guendouzi feature in the footage, which appears to come from CCTV footage and was published by The Sun.
It can make users feel euphoric and relaxed, with some reporting hallucinations, and can lead to loss of blood pressure, fainting and even heart attack.
Nitrous oxide is also known as laughing gas or "hippy crack".
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The footage is the latest in a series of incidents of top players being linked with nitrous oxide, with Raheem Sterling being warned by Liverpool after footage emerged of him using the substance in 2015.
It was also reported that Henrikh Mkhitaryan and German defender Shkodran Mustafi were present on the night, however, did not partake in the inhaling of the gas.
Arsenal lost their first two matches of the season against City and Chelsea but have not been beaten since and are now on a run of 20 games without suffering a defeat.
The party is alleged to have taken place in August, just days before Arsenal's Premier League campaign began with a 2-0 defeat to champions Manchester City at the Emirates Stadium.
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