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Lyon chief Jean-Michel Aulas warns Arsenal they are 'way too far away' from valuation of Houssem Aouar after opening bid of £30m for French midfielder was rejected

Arsenal have been warned they will have to substantially increase their £30m offer for Lyon midfield maestro Houssem Aouar.

Aouar is valued at £54m and Lyon president Jean-Michel Aulas said: 'There will be very few departures, Arsenal are way too far away from his value.

'Ware counting on him to have a great match against Lorient and to lead Lyon into the Champions League next year.'

Arsenal have seen an initial bid for Lyon midfielder Houssem Aouar rejected

Arsenal have seen an initial bid for Lyon midfielder Houssem Aouar rejected

Lyon president Jean-Michel Aulas believes Arsenal don't have the funds required to sign Aouar

And football.london are reporting that the Gunners will now significantly increase their offer for the player after seeing their initial bid rejected last week.