The topic of footballers' salaries is in the spotlight after health secretary Matt Hancock suggested players in the top flight should make a contribution to help during the health crisis.
The Premier League called for players to take a 30 per cent pay cut in a statement released on Friday, though the Professional Footballers' Association (PFA) responded by pointing out such a move would lead to a loss in important revenue via tax contributions.
Watford goalkeeper Foster revealed there is an "understanding" from players that something needs to be done during these unprecedented times, but said any action - whether through salary cuts or wage deferrals - should come as a united front.
"Pretty much every footballer I've spoken to... I think it is something we understand, we completely agree that something needs to be done," Foster told talkSPORT.
"But from a player's point of view, and I’m sure the PFA will be talking about it today. As long as it is done in a structured manner.
"It is important to cover every team with the same [policy], whether it's a deferral or a cut, so that we are all under the same blanket.
"Now, more than ever, it is so important that we do this together. When you start getting teams doing their own individual wage cuts or deferrals, that's when it starts to get a bit messy.
"I know from talking to everyone at Watford that we are understanding that this needs to happen.
"Something like this is unprecedented. No one knows where it's going or how hard it's going to be. If we can do something in the meantime, you've got to do it."
The Premier League season is suspended indefinitely due to the virus, though there remains a commitment to completing the 2019-20 fixtures.
The former England goalkeeper, 40, was tempted out of retirement in March to become a part of co-owners Ryan Reynolds and Rob McElhenney’s ambitious plans to haul the club up the divisions.
He provided one of the National League’s moments of the season with a brilliant stoppage-time penalty save against fellow promotion hopefuls Notts County in April, preserving a 3-2 lead and sending Wrexham top of the table.
Phil Parkinson’s side clinched the title with a game to spare to ensure their 15-year stay in the fifth tier finally came to an end.
Foster, who played in the Premier League for Watford as recently as last year, told the club’s official website: “At the end of last season it was obvious that I enjoyed being at the club, I loved being part of the team and everything that Wrexham stands for.
“The fans took to me so warmly, Phil Parkinson is brilliant, (assistant manager) Steve Parkin is top class, I love (goalkeeping coach) Aidan Davison to bits, and the co-chairmen are out of this world.
“I’d decided before the end of last season I wanted to do it, because it feels like home. I’ve never joined a football club and felt at ease so quickly.”
Foster kept three clean sheets in his eight appearances to win his second trophy for the club, 18 years after lifting the LDV Vans Trophy while on loan from Stoke in 2005.
Parkinson said: “We’re delighted that Ben has signed for the coming season.
“It’s a key signing for us because we all saw the impact he had, not just on the pitch but also around the training ground, and we are all looking forward to working with him again next season.”
Ex-Watford and Manchester United goalkeeper Forster walked away from the game last September, but was convinced to end his retirement and sign for Wrexham in March.
Foster saved a stoppage-time penalty against title-rivals Notts County the following month before Wrexham sealed promotion to Sky Bet League Two later in April, but he has now called time on his career following a difficult start to the new campaign.
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He earned cult status during his second spell with the Welsh club for his spot-kick heroics in the 3-2 win over Notts County and agreed to remain part of co-owners Ryan Reynolds and Rob McElhenney’s ambitions plans to haul Wrexham up the divisions when he signed a one-year contract in June.
Foster has found life tough in League Two though, conceding five goals in Wrexham’s opening-day loss to MK Dons and he shipped five again in a 5-5 draw with Swindon on Saturday.
The 40-year-old has now confirmed his retirement and told the official club website: “The honest truth is that my performances this season haven’t reached the level I demand of myself and I feel that now is the right time to retire.
“At the forefront of my mind when making this decision was not only what was best for me but also the club, and making the decision now gives the club every opportunity to assess their options before the window closes.
“Wrexham will always have a special place in my heart.”
Reynolds said on Twitter: “He built memories I’ll never let go of for as long as I live. I love this guy. Thank you for everything, Ben.”
Foster started his career at non-league outfit Racing Club Warwick in 2000 before representing Stoke, Manchester United, Birmingham, West Brom and Watford across more than two decades in the game.
He made 390 appearances in the Premier League and played eight times for England, featuring in the 2014 World Cup under Roy Hodgson.
Wrexham boss Phil Parkinson added: “Ben has been the model professional while at Wrexham and has done everything we have asked of him.
“I am sure I speak for everyone, when thanking him for his contribution that went far beyond that one magnificent penalty save against Notts County to help us gain promotion last season.
“Wrexham AFC was a better place for having Ben Foster around the club.”