Arsenal have reportedly failed with a player-plus-cash offer for Lyon midfielder Houssem Aouar.
While the France international is one of the club's key men, the French outfit are looking to raise funds and reduce their wage bill over the coming weeks.
That has led to frequent speculation regarding the future of the 22-year-old, who has been linked with Manchester City and Juventus.
However, according to RMC Sport, it is Arsenal who have failed with the most recent approach for Aouar.
The report claims that Lyon shunned a bid of £31.2m plus an unnamed player, instead insisting that they wish to recoup at least £45m for arguably their most prized asset.
Aouar has spent his entire career at Lyon, contributing 24 goals and 27 assists from 137 appearances in all competitions.
