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Arsenal and Manchester United are thought to be keen on the £35m-rated Lyon striker, who was the top scorer in the French top-flight last season with 27 goals.

But Get French Football News claim that PSG have struck an informal deal with their league rivals.

France international Lacazette has reportedly agreed a five-year contract to join the Ligue 1 champions - but will spend next season back on loan at Lyon.

Lacazette last week insisted he was in no rush to make a decision over his future despite interest from Arsenal and United.

"I have not made my decision," he said. "I will go on holiday, leave my agent to discuss things, for him to look after all that. I am not worried.

"It won't worry me at all. As soon as I have decided, I want it all to happen quickly.

"When? That is the question. I could stay at Lyon next season and have a terrible season, I could leave and have an incredible season.

"Everything depends on the destination. It would have to be for a Champions League club, Barcelona and Real Madrid, you don't reject them."