Former French champions Lyon have set an asking price for skipper Houssem Aouar who has been actively pursued by Arsenal in this transfer window.

According to the club president Jean Michel Aulas, Aouar will leave the club if the Gunners can pay between €40m to €50m.

This is contrary to earlier reports which claimed that Aulas was holding out for €60m for the talented midfielder.

Lyon president Jean Michel Aulas is a tough negotiator but the need for finance has prompted him to soften his stance on the potential Houssem Aouar transfer to Arsenal.

He spoke about Aouar shortly after the league match with Lorient at the weekend.

Aulas was disappointed with the attitude of the Lyon players as they played out a 1-1 draw with Lorient. He further said that players that want to leave Lyon this summer can go ahead.

Key Lyon players such as Houssem Aouar and Memphis Depay have been seriously linked with moves away.

Dutchman Depay is a target for new Barcelona manager Ronald Koeman at the Nou Camp.

For Frenchman Aouar, Arsenal are confident that they will sign him.

The Gunners had earlier made a bid of €36m which was turned down by his team.

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