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Arsenal 'prepare second bid for top target Houssem Aouar worth £36.5m plus £9m in add-ons' after Lyon chief Jean-Michel Aulas warned them they were 'way too far away' with opening offer for midfielder

Arsenal are already preparing a significantly improved bid for their primary target Houssem Aouar after Lyon rejected their initial offer earlier this week.

The Gunners are determined to sign the 22-year-old this summer and will reportedly raise their dismissed £32million offer to £36.5m with a further £9m in bonuses in a hope to secure the creative midfielder.

The Frenchman, who has made 130 appearances for Lyon, is paramount to Mikel Arteta's plans as he looks to deploy his team in a 4-3-3 formation this season.

Arsenal are already preparing a significantly improved second bid for target Houssem Aouar

Despite rejecting their opening offer, Lyon club president Jean-Michel Aulas suggested that the club would be open to selling Aouar for the right price.