Arsenal face a transfer battle with Spurs in the race to sign Kevin Gameiro.
The 23-year-old forward has hinted at a summer switch from Lorient, with Arsenal boss Arsene Wenger tracking the player's progress and reportedly sending scouts to monitor the striker.
A French international who has scored 32 goals in 58 games for Les Merlus, a club he joined for €3 million back in 2008, Gameiro is tipped for big things and a host of clubs across Europe have taken an interest.
"It is true that we are mulling over three options," president Loic Fery admitted to L'Equipe.
"We can let him go when his contract expires, sell him in the summer or renew his contract. But the latter is complicated because we have made several incredible efforts and he has not accepted."
Arsenal were heavily linked with a move for the player back in January, although Spurs boss Harry Redknapp also reportedly entered the race in the later stages of the transfer window.
Neither club were able to secure a deal for the player, but with the Ligue 1 side looking to cash-in on their prized asset, either north London side could land the player for a knock-down fee.
The Gunners are keen to bolster their attacking ranks at the Emirates, with Wenger reportedly considering a number of potential Arsenal changes at the end of the season.
Arsenal are thought to be favourites, but Juventus will also provide stiff competition in the battle for the player's signature.