Arsenal is set to return to AS Monaco with a third bid in the region of £45 million for Thomas Lemar, but that would still not be enough to tempt the French champions to sell the winger.
The Gunners have been told the teenager is not for sale this summer, but Arsene Wenger is refusing to give up and has made two bids of £35 and £40 million for him which were both rejected.
Monaco has lost some of their high profile players this summer after a spectacular season that saw them win the French League and reach the semi-finals of the Champions League, but they have closed shop for outgoings this summer and want to offer Kylian Mbappe a new deal.
Arsene Wenger has previously talked about his belief that Mbappe will remain with Monaco this season, yet he is refusing to stop chasing Lemar.
Lemar also appears keen on moving to London after agreeing on personal terms in principle with the north London club.
One of the main reasons Wenger is so desperate to land Lemar is the possibility of Alexis Sanchez leaving the Gunners this summer. The Chilean, who has refused to sign a new deal usually plays on the left of Arsenal’s attack, a position Lemar is also good at, and Wenger wants him to become the heir to the South American even if he does not leave this summer.