Leon’s president, Jean-Michel Aoules, warned Hossein Auer not to expect the move. Arsenal insist they do not have the funds to sign the deal.
Aur Mikel Arteta is considered one of the top goals of the summer as he continues to expand his Arsenal midfield.
Leon is demanding 54 54 million for the 22-year-old, which could prove to be a stumbling block.
Arsenal are desperately trying to cut their squad to raise funds to bring in new recruits to the club, but time is running out before the transfer window ends.
And Aulos publicly suggested that Aur should prepare to stay in Lyon this season.
Asked if Aur would be in Lyon, Aouls replied: ‘Financially, Arsenal are like everyone else (in a strategic place).
“And Hussein can tell himself that it would be best to stay with us.”
Arsenal are not the only club that the French are interested in landing.
It is known that a Mystery Champions League club have expressed interest in signing a central midfielder.
Juventus and Bayern Munich are among the clubs he has joined in the past.
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