Arsenal told to increase bid to sign star striker

French outfit Lyon have told Arsenal that they will need to pay £40m plus bonuses if they want to sign star striker Alexandre Lacazette in the summer transfer window, according to reports. 

Lyon have set their asking price for the striker, who Arsenal are keen to land this summer. 

The French outfit confirmed earlier this week that they had rejected a bid from Arsenal for Lacazette. 

However, the same story claims that the French outfit had set out their price demands for the player before Arsene Wenger’s side tabled a bid believed to be around £29.3m. 

Arsenal are on the lookout for attacking reinforcements after the disappointment of their second placed finish in the Premier League last season, as they ended up 10 points behind surprise champions Leicester City.