Lyon have told Arsenal they will only consider a straight cash deal for Houssem Aouar.
The Gunners have already failed with one offer of €35m cash plus Matteo Guendouzi in exchange for Aouar, as confirmed by OL chief Juninho.
Le 10 Sport says Arsenal remain keen, though have now been informed they must come up with a straight cash proposal.
Manchester City and PSG are also in contact with OL about France international Aouar.
The French giants are seeking €50m to sell the midfielder.