‘No 40m bid from Arsenal’

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Lyon have “categorically denied” receiving an improved offer of £40m for striker Alexandre Lacazette from Arsenal.

French media outlet Le Progrès reported on Tuesday the Gunners had submitted the bid for the 25-year-old but Lyon quickly moved to refute the story.

Arsenal did make a bid of £29.3m early in the summer – but had no response from Lyon, who are determined to keep the player.

A statement from Lyon said: “Olympique Lyonnais categorically denies having received a 48m euros …

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