Arsenal face stiff competition from West Ham United in the race to sign French striker Loic Remy.
The Nice forward earned rave reviews in Ligue 1 over the past two seasons since moving to OGC in 2008, and Arsenal boss Arsene Wenger has been heavily linked with a move for the 23-year-old.
A product of the Lyon youth system, first team opportunities were limited at OL after signing professional forms in 2005. A 2008 loan move to Lens put Remy in the spotlight, and his fine form nearing the end of that season earned an €8 million move to Nice.
Two good years at the Stade Municipal du Ray have made Remy one of Europe's most wanted strikers, with his goals playing a crucial role in keeping Les Aiglons in the French first division.
His form was rewarded at international level also, with Raymond Domenech handing Remy his only Les Bleus cap in a friendly against Nigeria last summer.
Remy has previously stressed a desire to join the Gunners, stating earlier this year: "My preference would be Arsenal over Lyon. You never know in football what will happen, but Arsenal are a club that make me feel desire."
However, French daily L'Equipe now reports that the Hammers have joined the race for the striker, with a €12 million bid made for a player once dubbed 'the new Henry'.
Wenger, who has been linked with French internationals Yoann Gourkuff and Hugo Lloris, will have to decide if Remy represents good value for money at the Emirates. With transfer money to play with, the fee would not be an issue.
Arsenal scout Gilles Grimandi previously recommended the player to Wenger, but West Ham owners David Gold and David Sullivan have made their intentions clear before the north London club with an offer split into three payments.