Arsenal are on the brink of signing Alexandre Lacazette, according to Lyon chief Jean-Michel Aulas.

The Gunners' initial offer of £39m was rejected last week, but Aulas has confirmed that their second offer of up to £43.8m has been accepted.

Aulas told French outlet Le Progres: "Alexandre Lacazette's transfer to Arsenal could be actioned within the next day or two."

"The figure reported by the English media of around €67m (including €12m in add-ons) is impossible and not realistic. Arsenal's first offer was around €45m, the transfer will be concluded in the range of €45m to €50m.

"It constitutes, without doubt, a record transfer fee for Arsenal, [sic] and for Lyon of course!"