Lyon president Jean-Michel Aulas has warned Arsenal they are not alone in their pursuit of Houssem Aouar.
The French club have set a Friday deadline for all suitors interested in Aouar and Memphis Depay.
Aulas has confirmed Arsenal's interest in recent weeks, but he now says the Gunners are not alone.
"We know that three big clubs are interested in him. Two in the short-term, one in the long-term," Aulas said.
"Not much has happened. All the clubs can't give us financially what Lyon wants."
Lyon signed AC Milan playmaker Lucas Paqueta on Wednesday, paving the way for Aouar to leave the club.