Arsenal was looking to sign Lyon midfielder Houssem Aouar to player-plus-cash but has reportedly failed with a bid.
Although one of the key men of the club is France International, and the French outfit is looking to collect funds and raising their wage bill in the coming weeks.
This has led to constant speculation about the 22-year-old ‘s future who has been linked to Manchester City and Juventus.
However, with the latest approach for Aouar, it is Arsenal who has struggled, according to RMC Sport.
The report declares that Lyon has dodged a £31.2 m bid plus an undisclosed player, rather than stating that they want to recover at least £ 45 m for their most valuable asset, potentially.
Aouar spent all of his career at Lyon making 137 appearances, adding 24 goals and 27 assists in all competitions.