Arsenal have launched a bid for Lille attacker Nicolas Pepe.

TMW says Arsenal have offered €50m upfront plus further bonus fees based on appearances and success.

Gunners boss Unai Emery is eager to add a new attacking midfield signing and knows plenty about Pepe thanks to his time in charge of PSG.

The news of Arsenal's bid arrives just 24 hours after it broke they had a mega offer rejected by AS Roma for Cengiz Under.

Tied to LOSC until 2022, Pepe has stated he is ready to leave - but only after the end of this season.