How fourth place in the Premier League doesn’t guarantee Champions League football

Arsenal's Nicolas Pepe, center, celebrates after scoring his side's opening goal from a penalty during the Europa League semi-final first leg against Villarreal. Picture: Alberto Saiz / AP

With two all-Premier League European finals on the horizon, there are interesting and complicated implications for Champions League and Europa League places for next season.

Chelsea and Man City have already booked their place in the May 29 Istanbul showpiece, and Man Utd have one foot in the Europa League final in Gdansk. Arsenal will bid to complete the clean sweep of Premier League finalists tonight at home to Villarreal.