Arsenal have been told to match Atletico Madrid's bid for Lyon striker Alexandre Lacazette.

Atletico were close to agreeing a deal worth €65m before Court of Arbitration for Sport's decision and Aulas has called on Arsenal to match the bid.

"I do not intend to sell Alexander quickly, because there is always the option of Atletico Madrid to signing him on January 1, 2018," Aulas told L'Equipe. "I also listen to what Alexander says.

"I saw Arsene during the match between France and England [on June 13]. I was with Gerard Houllier [who is an adviser to Aulas] and I understand he told Gerard that there could be an interest from Arsenal. But it is premature to say that things will be done.

"We can not let a player of that quality go without his replacement [lined up].

"Everyone knows Atletico were going to pay €53m plus €12million. That's €65m. The Arsenal executives are well informed, they will have to be in that range."