Report emanating from English media are saying Arsenal are planning and improved offer for Lyon forward Alexandre Lacazette but the north London club are not prepared to spend more that £33.7 million (€40m) for the services of the Frenchman.
The French club announced earlier on Tuesday that they had rejected a £29.5 million (€35m) bid from the Gunners for the Lyon forward, although report from Squawka revealed that the offer was made back in June.
The Gunners manager Arsene Wenger has been looking at various angle in order to strengthen his attacking option ahead of the upcoming season, having missed out on Jamie Vardy after the England forward rejected a £20m move to the Emirates stadium to stay at Leicester City.
Lacazette is believed to be considered the most attainable target for the Emirates outfit in this crazy transfer market in which Juventus paid £78m for Gonzalo Higuain and Romelu Lukaku would cost more than £60m.
However, Arsene Wenger is willing not to pay more that £33.7m (€40m), the same amount of money Chelsea spent to sign Belgium international Michy Batshuayi from Marseille.
Wenger believes the two players are of a similar standard having scouted both throughout last season and does not want to break the bank for Lacazette.
There are some doubts that the Lyon forward may not suit the Gunners style play and Arsenal are set to walk away should the French club reject our improved offer of £33.7m.