Arsenal have £92m bid for Monaco attacking midfielder Thomas Lemar accepted as they seek major signing after Alex Oxlade-Chamberlain sale

• e-mail

Arsenal have had a £92million offer accepted for Thomas Lemar as they make what would be a British record move for the Monaco attacking midfielder.

But the Gunners face a race against time to get the deal done. 

Lemar's future rests with the player himself, with the French international having been keen on a move to the Emirates Stadium when Arsenal had three bids rejected earlier this summer. 

Arsenal have revived their interest in Thomas Lemar and have made a £90m bid to Monaco

 The Gunners saw Alex Oxlade-Chamberlain complete £35m move to Liverpool on Thursday

Arsenal risk also losing Alexis Sanchez to Manchester City and need an attacking replacement

The Gunners saw Alex Oxlade-Chamberlain complete his £35million move to Liverpool on transfer deadline day - after rejecting a new contract offer - and risk also losing Alexis Sanchez to Manchester City. 

They see France international Lemar as a replacement for Sanchez and placate fans should the Chilean exit the Emirates Stadium. 

City have returned to Arsenal with a second bid for Sanchez in the region of £60m, who is out of contract next summer, leading the Gunners to return for Lemar.

Liverpool and Barcelona have also shown interest in Lemar, with the Reds making a £74m bid as they prepare for the possible departure of Philippe Coutinho.

Earlier in August, Arsenal manager Arsene Wenger said that their attempts to sign Lemar had ended and the deal was 'dead'.

Arsenal have had three bids rejected and Arsene Wenger previously said the deal was 'dead'

The Gunners made three bids previously for Lemar, the highest of £50m, which were all rejected by the Ligue 1 champions. 

Wenger said: 'It's dead because Monaco has closed the door. They are still on cases like Kylian Mbappe and Fabinho. 

'They've already lost Benjamin Mendy, Bernardo Silva and Tiemoue Bakayoko, so Monaco is at a stage where they have closed the door.'

However, with Oxlade-Chamberlain gone and Sanchez possibly set to follow, Wenger is now looking to splash the cash to maintain Arsenal's hopes of a return to the Champions League.