Pictures circulating on social media last night (January 27) showed Wilson Odobert and Randal Kolo Muani at the scene of a crash between junctions 24 and 25 of the motorway.
A Ferrari could be seen significantly damaged, with the window cracked and the air bag activated.
The Guardian has since reported that the car belongs to Kolo Muani and had a tyre blowout on the motorway. Odobert was following behind in a separate vehicle and stopped to check on him.
The pair were travelling from the club's training ground to Stansted Airport to catch a flight to Germany for this evening's Champions League game against Eintracht Frankfurt.
Speaking at a press conference ahead of the game, Frank said: "It was a tyre blowing up, so, they are little bit delayed, but they will land later tonight."
He added that everyone involved is "fine".
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The Dane "fully expects" both men to be available for the game, which could see the North London club secure a top-eight finish in the competition's league phase.
Arrest made after earlier M25 crash
The crash was the second to take place on the M25 on Tuesday after a separate, more serious smash involving three vehicles between junctions 23 and 25 clockwise.
A witness claimed to have seen officers displaying tasers before walking a man away from the scene in handcuffs and Herts Police have now confirmed the arrest took place.
It was made in connection with the theft of a motor vehicle, a spokesperson said.
A police vehicle, a minibus and silver Hyundai Ioniq were involved in the crash.