Confirmed: Premier League rival makes whopping Lacazette offer

Lyon confirm Arsenal have made a ‘very nice offer’ for 27-goal Alexandre Lacazette

However, the upholding of their transfer ban ultimately saw Lacazette's countryman and worldwide teammate sign a new contract and the possibility of any move falling through.

Arsenal have jumped to the front of the queue for Lyon hitman Alexander Lacazette, it seems.

Lacazette was close to joining Atletico Madrid this summer until the Spanish club were banned from registering new players in the current transfer window by the Court of Arbitration for Sports.

Arsenal have been heavily linked with a move for Lacazette and it has been claimed that they are now the favourites to sign him but they could face competition from Premier League clubs.

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The Lyon president Jean-Michel Aulas has been saying the usual sort of stuff about being confident that his star player will decide to stay with his current club but just about everything else is pointing to the opposite. "Things did not work out". We now have a very nice offer from Arsenal.

Aulas has now confirmed the deal is off and that no other offers have been submitted for the 26-year-old, who scored 37 goals in 45 games last season. "I don't know if he wants to leave".

French newspaper L'Equipe claim Arsenal are in an advanced position to sign Lacazette but Manchester United, Liverpool and Chelsea are also interested.

Alexis Sanchez did turn out to be a revelation for Arsenal as the side's centre-forward, but Wenger has chosen to play him behind the striker in his new system. "Anything is possible. The president of Deportivo can do wonders while previous year I met with Sevilla, who again are interested".

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