By Alex Taylor

Arsenal will make an improved offer for Lyon striker Alexandre Lacazette, according to a report.

Sky Sports claim on their website that Arsene Wenger has not given up hope luring the French international to the Emirates this summer.

The news comes after the The Telegraph reported that, in an attempt to ward-off any interest, the French club had offered the 25-year-old a new contract.

Lyon have revealed that the Londoners have already had a bid of £29.5million rejected by the Ligue 1 giants as Wenger looks to add firepower to his misfiring front-line before the start of the 2016-17 Premier League season.

As Arsenal step-up their pursuit of a striker, Lyon president Jean-Michel Aulas has publicly stated that he does not expect the Premier League club to make another bid for their forward.

Lacazette, who has attracted interest across Europe, was in fine form last season for his current club, scoring 23 goals in his 44 appearances to help guide them to the Champions League.

The forward has only played for Lyon at senior level since his debut in 2010, but has been regularly linked with a move away from the seven-time league winners.

The Ligue 1 Player of the Year for 204-15 has made 10 appearances for his national side, but was not selected for the France Euro 2016 squad.

The Gunners have already missed out on the signing of Gonzalo Higuaín, and Leicester City striker Jamie Vardy rejected the north London club before penning a new deal with Leicester earlier on this summer.

In other Arsenal transfer news, Wenger has admitted he is keeping a close eye on Leicester winger Riyad Mahrez.