Lacazette is a top target for the Gunners.
But he won’t be moving anywhere on the cheap.
Reports on Friday claimed a £44m bid had been lodged for Lacazette.
Starsport understand Lyon have told the Premier League giants they can have the France international.
However we’ve been told he’ll actually cost a mega £57m.
Arsenal could turn their attention to landing Sergio Aguero instead.
Starsport understand provisional talks have been held with Manchester City a swap deal for Aguero which would see Alexis Sanchez head the other way.
Aguero is a proven Premier League performer and would be welcomed with open arms at the Emirates.
Arsenal don’t want to lose Sanchez, who has just a year left on his contract.
But getting the Argentine is return could appeal.
Lacazette was wanted by the Gunners last summer but a deal couldn’t be done.
He was expected to join Atletico Madrid this summer.
However a transfer collapsed after the Spanish club failed to overturn a transfer ban.