Arsenal are "too far away" from Houssem Aouar's value, says Lyon president Jean-Michel Aulas.
"Arsenal not saying anything about their interest in Lyon's Houssem Aouar," Sky Sports News reporter Dharmesh Sheth told The Transfer Show on Monday.
"The Lyon president is saying plenty though. Jean-Michel Aulas has intimated Arsenal have made an offer, which falls well below Lyon's valuation - thought to be in excess of £50m.
"He went on to say he is counting on Aouar to play for Lyon this season. Significantly, what he hasn't said is Aouar is not for sale.
"There is an argument to suggest this is the optimum time for Lyon cash in - Aouar has three years left on his contract and the club will not have the shop window of European football to showcase his talents this season.
"Last month, Lyon's Sporting Director Juninho claims Arsenal failed with a bid for Aouar - Arsenal had wanted to include midfielder Matteo Guendouzi as part of the deal.
"As for Arsenal's interest in Thomas Partey, Atletico Madrid are not budging on the £45m release clause.
"Partey's contract runs until 2023 - and he came off the bench for the last 19 minutes of the victory over Granada at the weekend.
Arsenal also remain in talks with Atletico Madrid over midfielder Lucas Torreira.
"Atletico still want to do a loan, while Arsenal want to sell to generate money to fund a move for the likes of Aouar and Partey.
"Torino were in talks over a move for Torreira, but their Director Davide Vagnati says a move is unlikely as they cannot finance a permanent deal.
"Bayer Leverkusen still want Sead Kolasinac, but any deal is likely to happen late in the window as they have to offload players first.
"It is thought Kolasinac would welcome a return to Germany for family reasons.
"Napoli's move for Sokratis looks increasingly unlikely as the Italian club appear to be keeping Kalidou Koulibaly.
"Arsenal would listen to offers for Mesut Ozil and Matteo Guendouzi - neither of who are in their squad to face Liverpool tonight - but as yet, no concrete interest."
The latest players linked with a move to Arsenal...
Houssem Aouar - Aouar confirmed that discussions are ongoing between Arsenal and Lyon over a potential transfer (Daily Express, September 28); Arsenal are considering making an improved bid for French midfielder Aouar after the Lyon president said their initial offer was too low (The Times, September 28); Lyon will demand €50m (£46m) for the 22-year-old Frenchman after rejecting the Gunners' initial £32,8m bid (RMC Sport, September 27).
Jorginho - Chelsea's Jorginho is one of a number of midfielders Arsenal are interested in (Sky Sports, September 24).
Thomas Partey - Arsenal are still pursuing a deal for Thomas Partey that could be part-funded by Lucas Torreira moving the other way to Atletico Madrid (Sky Sports, September 24); Mikel Arteta would need to sanction at least one sale in order to activate Partey's £45m release clause. (Sky Sports News, September 3).
Philippe Coutinho - Arsenal are not giving up on signing Coutinho in this transfer window, with Mikel Arteta keen on the Barcelona star after his loan spell at Bayern Munich last season (Daily Mirror, September 24)
David Raya - Brentford would only be prepared to sell David Raya to Arsenal if the Gunners loan him back to them for the rest of this season (Sky Sports, September 18); Arsenal are ready to up their bid for the Brentford goalkeeper and are prepared to spend £10m on the shotstopper, with Emiliano Martinez set to leave the club (Sun, September 13); Brentford goalkeeper Raya is prepared to hand in a transfer request to try and force through a move to Arsenal (Daily Mail, September 9); Arsenal have reportedly identified Brentford goalkeeper David Raya as a replacement for Emiliano Martinez (Daily Mirror, August 29).
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Confirmed Arsenal signings
Alex Runarsson - Arsenal have signed the goalkeeper on a four-year deal (September 21)
Willian - Arsenal have completed the signing of Willian on a three-year deal (August 14).
Gabriel - Arsenal have signed Brazilian defender Gabriel from Lille for £27m on a long-term contract (September 1).
Dani Ceballos - The midfielder has rejoined Arsenal on a second successive season-long loan from Real Madrid (September 4).
Confirmed new deals at Arsenal
Pierre-Emerick Aubameyang - The Gunners captain has signed a new three-year contract with the club (September 15)
The latest players linked with an Arsenal exit…
Shkodran Mustafi - Lazio are reportedly in deep negotiations with Mustafi over a deal to bring the Arsenal defender to Italy (The Sun, September 29); Arsenal defender is reportedly a transfer target for Serie A sides Lazio and Napoli (Sun, September 21).
Lucas Torreira - Atletico Madrid are increasingly confident of completing the signing of Arsenal midfielder Torreira on a season long loan (Sky Sports, September 24).
Matteo Guendouzi - Guendouzi has asked the Arsenal board to allow him to leave the club before the transfer window shuts, according to reports from France (Daily Mirror, September 25); The 21-year-old Frenchman has submitted a transfer request at Arsenal (Tribal Football, September 23); Paris Saint-Germain boss Thomas Tuchel ruled out a move for Arsenal star Matteo Guendouzi in the aftermath of his side's 1-0 loss to Lens (The Sun, September 11); Arsenal outcast Guendouzi has hinted he is staying - despite interest from Valencia (The Sun, September 9); PSG have snubbed the chance to sign the Arsenal midfielder, who looks set for the exit door (Daily Mirror, September 3).
Mohamed Elneny - The Egyptian's future is in doubt after reportedly travelling to Turkey to assess offers from Galatasaray and Trabzonspor (The Sun, September 23); Besiktas have tried and failed to sign the Egypt midfielder, saying the player is too expensive (Sky Sports, September 10); Arsenal will have Elneny back within their ranks this week, with the midfielder having completed his loan spell at Besiktas (Daily Mail, August 20).
Sokratis Papastathopoulos - The Gunners centre-back will only move to Napoli if Kalidou Koulibaly leaves the Serie A club (Daily Star, September 23); Napoli want to sign Sokratis, who has entered the final year of his contract. But the chances of him moving appear to be hinging on two things: Napoli don't want to play a transfer fee and they want to offload a defender first (Sky Sports News, September 22).
Sead Kolasinac - Bayern Leverkusen remain interested in Sead Kolasinac and are likely to follow up that interest with a formal bid (Sky Sports News, September 22); Bayer Leverkusen are reportedly interested in bringing the Arsenal left-back back to the Bundesliga (The Sun, September 17); Arsenal outcast Kolasinac has become a transfer target for West Ham as David Moyes attempts to land a new left-back (The Sun, September 15); The Arsenal full-back wants to return to Schalke (Sky Germany, August 26).
Folarin Balogun - Sheffield United remain in talks with Arsenal over under-23 striker Folarin Balogun and are expected to go back in with an improved offer. Arsenal want in excess of £10m (Sky Sports News, September 22); Sheffield United are expected to make a second approach to Arsenal in a bid to sign the young striker (Football.London, September 22); Arsenal have turned down an approach from Sheffield United for their striker prospect Balogun (Daily Mail, September 16).
Rob Holding - The Arsenal centre-back is ready to snub a possible loan move to fight for his place in Mikel Arteta's team (The Sun, September 17); West Ham are ready to offer Arsenal a stunning £5m rental deal for centre-back Rob Holding (The Sun, September 15); Mikel Arteta has all-but confirmed Holding, subject of a loan-signing bid from Newcastle, will stay at Arsenal, saying after the win at Fulham: "I said to him 'change your mind because you are not going anywhere'. He stands for every value we want at the football club (September 12).
Alexandre Lacazette - The player has confirmed he wants to stay at Arsenal, saying after the victory at Fulham: ""I'm really happy. It's only the press who say l am unhappy and l want to leave. But me, from the beginning, I have said I am happy with Arsenal and I want to play and win titles, we won a title last month, so I am happy with Arsenal (September 12); Juventus are interested in signing Arsenal striker Alexandre Lacazette (Sky Sports, August 16); Lacazette will be on his way to Atletico Madrid for £30m - as soon as Pierre-Emerick Aubameyang signs a new Arsenal deal (Daily Star, August 9).
Ainsley Maitland-Niles - Wolves are poised to make another attempt to sign the defender from Arsenal (Telegraph, September 14): Despite interest from Wolves, the player is now expected to stay at Arsenal and was among the starters for the win at Fulham (September 12).
Mesut Ozil - Arsenal boss Mikel Arteta has admitted it is hard for outcast Ozil to barge his way into his plans at present (September 24); The German was absent once again for the opening-day win at Fulham and wasn't even included among the substitutes (September 12); Ozil has been thrown an unlikely Arsenal lifeline and may be in contention to play in the Premier League opener against Fulham after playing his first game in six months for the club (The Sun, September 7); Clubs in Saudi Arabia and Qatar have expressed interest in signing Ozil this summer, but the Arsenal playmaker remains insistent that he has no intention of leaving London (Daily Telegraph, September 1).
Hector Bellerin - Barcelona have made contact over a potential move for the Arsenal right-back (Sport, September 10); Paris-Saint Germain are being tipped as Bellerin's favoured destination (Independent, September 10); Bayer Leverkusen are surprise contenders for Arsenal full-back Bellerin (Daily Telegraph, September 7).
Emile Smith Rowe - Arsenal have snubbed an approach from Monaco for the 20-year-old (Daily Mail, August 26).
Calum Chambers - The Arsenal centre back is a loan option for West Ham as David Moyes looks to add defenders to his squad (Telegraph, September 21); Fulham are considering a move to sign Arsenal defender Chambers as they prepare for their return to the Premier League (The Sun, August 12).
Confirmed Arsenal departures
Henrikh Mkhitaryan - The forward has signed a permanent deal with Roma after terminating his contract with Arsenal by mutual consent.
Emiliano Martinez - Aston Villa have signed goalkeeper Emiliano Martinez from Arsenal on a four-year deal. Sky Sports News reported on Saturday that the Gunners had accepted a £16m offer from Villa which could rise to £20m with add-ons.
The summer transfer window will run for 10 weeks from July 27 and close at 11pm on October 5. A domestic-only window for trades between the Premier League and EFL then runs from October 5 and closes on Friday October 16 at 5pm. Follow all the news and analysis on Sky Sports News and across Sky Sports' digital platforms.