Lyon President, Jean-Michel Aulas, has confirmed that Arsenal’s latest offer for Houssem Aouar has been rejected.
Aulas described the bid as “timid” and said it did not reflect the 22-year-old’s quality.
The Gunners have had two bids turned down for Aouar, with the latest believed to be in the region of 32million.
Lyon were seeking around 55m for Aouar at the start of the transfer window, have now reduced their asking price closer to 46m.
When asked about Arsenal’s bid and why it was rejected, Aulas told beIN Sport: “There was a timid offer. We felt like either they didn’t consider the fact that this is a player in the French national team.
“So it was not an offer that was even susceptible to making us consider a sale.”
Aulas was then asked what Lyon’s asking price for Aouar is, with the interviewer asking if it was 36m or 46m.
He replied: “It is certainly more than the first number that you mentioned”.
The transfer market closes next Monday, October 5.