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Arsenal are involved in a three-way battle for French striker Alexandre Lacazette.

Manager Arsene Wenger – who missed out on Jamie Vardy last week when the England striker signed a new contract with Leicester – is well aware of the Lyon star's talent.

Prolific Lacazette scored 23 goals in 43 matches for his club last season and the Gunners’ boss Wenger is to meet with a representative of the player this week in France.

But also interested are West Ham and Champions League runners-up Atletico Madrid.

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The asking price will be around £45million.

The Hammers — reflecting the ambition of their board as they prepare for life in their new home at London's Olympic Stadium — have already had an offer of £42m rejected.

In pictures - Arsenal fans explode on Twitter as Vardy opts to stay:

Spanish heavyweights Atletico are also keen on the player and have the cash to match Lyon’s valuation, but Wenger sees Lacazette as the ideal man to bolster his strike-force — and he has the finance to get him.

Lacazette has three years left on his contract, and that enables Lyon to put a premium price on their prize asset.

They are under no financial pressure to sell after agreeing to sell defender Samuel Umtiti to Barcelona for £21.5m.