Arsenal ‘agreed terms’ with Lyon midfielder Houssem Aouar on a long-term contract two weeks ago.
The creative midfielder has been heavily linked with a move to the Emirates ahead of the October 5 deadline, at it appears as though the player himself is desperate to get the deal over the line.
The Gunners have already brought in Gabriel and Willian who hit the ground running in the Premier League opener against Fulham, which could have convinced club bosses to spend more cash.
That could see the 22-year-old France youth international league Ligue 1 for England, despite his hefty valuation.
Italian journalist Nicolo Schira has revealed on Twitter that Aouar agreed a five-year deal with Arsenal as long as two weeks ago, which leaves the clubs locked in negotiations.
He added that Arsenal have not made an acceptable offer despite personal terms being over the line, and that Mikel Arteta is keen to get it sorted as soon as possible.
Lyon sporting director Juninho has said of a possible move: “For now, there is nothing for these players.
“We have not received anything for Houssem.”
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The sale of Emiliano Martinez to Aston Villa for £20m could have also boosted Arteta’s chance of signing Aouar, but Alexandre Lacazette won’t be moving to free up anymore funds.
Arteta said earlier this month: ”He is really happy here. He wants to continue improving and contributing to the team.
"I know how good he is, the impact he's having.
"He knows about the competition he has as well with the front players so again he needs to demand himself to be the best striker at this football club the same as the rest and he was very happy to hear that and the way he's been training and conducting [himself] has been excellent."
With the striker then adding: “I am really happy.
“It’s only the press that says I’m not happy. From the beginning I’ve said I am happy at Arsenal and I want to play and win titles. We won a title last month so I am happy with Arsenal.”