Arsenal end Alexandre Lacazette pursuit

Arsenal are unlikely to retain their interest for Alexandre Lacazette after Lyon placed a hefty price tag on his head. The Gunners have been strongly linked with the Frenchman as they bid to strengthen their frontline in the transfer window.

Arsene Wenger's side had earlier failed with a £30m bid for the 25-year-old, and there were suggestions they could come up with a renewed £35m offer before the end of the month.

However, their hopes of landing the France international have been dashed after Les Gones demanded a fee of at least £60m to let go of their player this summer, French source L'Equipe says.

Les Gones are likely to offer a fresh contract to their striker in the coming days as they look forward to challenging for the league title next season.

English side West Ham United and French champions Paris Saint-Germain have previously expressed interest in the marksman.