Lyon confirm Arsenal's £29.3m bid for Alexandre Lacazette has been rejected

Lyon have confirmed that they have turned down a €35m (£29.3m) bid from Arsenal for striker Alexandre Lacazette.

The Gunners have been linked with the Frenchman for some time, but at the weekend, Lyon boss Bruno Genesio was adamant that his player will stay put.

Genesio's comments were made following reports that the Premier League club had tabled a £30m offer for Lacazette.

This morning, Lyon released a statement via social media confirming Arsenal's interest, and stated that the bid has been knocked back as the Ligue 1 club deem their striker irreplaceable.

Arsenal's only signing of the summer so far is Granit Xhaka, who joined from Borussia Monchengladbach for a fee in the region of £30m.