Arsenal have been told that Alexandre Lacazzette will cost £48.7m this summer, according to reports in the British media.
The Daily Telegraph is reporting that Ligue 1 side Lyon want £48.7m for the 26-year-old striker, plus a further £10.6m in add-ons.
The Gunners are thought to be interested in the France international as Arsene Wenger looks to improve his attacking options.
The same story states that the Gunners want to sign Lacazzette to play alongside Monaco teenager Kylian Mbappe at the Emirates Stadium.
Arsenal are looking to bolster their squad after a disappointing fifth-place finish in the Premier League last term.
The north London side are facing the prospect of a season in the Europa League for the first time in the club’s history.
Arsenal did end the season with some silverware thanks to a 2-1 win against Premier League champions Chelsea.
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The Gunners signed five players in the 2016 summer transfer window as Wenger looked to transform his squad into title contenders.
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