The likes of Jordan Henderson and Harry Maguire are spearheading attempts to persuade team-mates to donate 30 per cent of their weekly wages to the campaign.
The overall fund is expected to be in excess of £20million, with more than £4m already in the pot.
A statement read: “#PlayersTogether is about we, as players, collaborating together to create a voluntary initiative, separate to any other club and league conversations, to help get much needed funds to those that need it right now. To try and help, along with so many others in the country, make a real difference.
“Our prayers and thoughts go out to everyone affected by this crisis. By sticking together, we will get through this.
“Stay home. Protect the NHS. Save lives.”