Report: Arsenal, Lyon reach agreement over Alexandre Lacazette transfer

Arsenal have reached a financial agreement with Lyon over the purchase of striker Alexandre Lacazette, according to a report.

The Gunners have already had a previous bid of around £29m rejected for the France international, who scored 21 goals in 34 Ligue 1 outings last season.

French news outlet Le 10 Sport claims that an improved offer has since been made and the two sides have come to a settlement for the prolific forward.

Lyon boss Bruno Genesio hinted on Monday that a move could be close to being finalised after admitting that he was powerless to keep hold of the 25-year-old should the club wish to cash in.

Lacazette, also linked with West Ham United in the past, would become Arsenal's second high-profile capture of the summer following the arrival of Granit Xhaka in May.