By Harvey Byrne

Lyon have released a statement via social media revealing that the club had rejected a £29.5million bid from Arsenal for striker Alexandre Lacazette, while also announcing that, contrary to reports, they have not received a further £40million bid from the Gunners.

The Ligue 1 giants have denied reports in France claiming the club had received a £40million bid from Arsenal on the club’s official Twitter acount.

The club’s Tweet translates as: “Olympique Lyonnais categorically deny receiving an offer of €48m from Arsenal for the transfer of Alexandre Lacazette, claimed in the morning edition of Le Progres.

“The club regrets yet again that Le Progres did not decide to contact us before publishing this false information.

“The reality is that Arsenal made an offer worth €35m, which Lyon did not follow up on for one reason: OL will keep Alexandre Lacazette who is irreplaceable and who is one of the main leaders in Bruno Genesio’s squad.”

Sky Sports, citing Les Progres, have reported that the French publication had released a story on Tuesday morning that the Gunners had made a £40million bid for the Lyon star.

However, the French club were so angered by these claims that they went through the unconventional route of responding on social media to inform the club’s fans that the report was false.

Lacazette was in fine form last season for current club Lyon, scoring 23 goals in his 44 appearances to help guide them to Champions League qualification.

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

The Ligue 1 Player of the Year for 204-15 has made 10 appearances for his national side, but he was not selected for the French Euro 2016 squad which reached the final in their home country.

In other Arsenal transfer news, Toulouse striker Wissam Ben Yedder will decide whether to sign for the Gunners in the next few hours.