Arsenal’s hopes of signing Alexandre Lacazette could finally end on Thursday with Lyon expected to inform the Premier League club that the transfer fee now being demanded for the striker has risen to a staggering €70 million (£59.9 million).

Lyon are due to meet with Lacazette’s representatives and will offer the 25-year-old a lucrative new long-term contract, as first revealed by Telegraph Sport. However, they will also inform them that the value being placed on the player has got up even further from €50 million (£42.8 million) to €70 million.