Arsenal have had their first bid for Lyon midfielder Clement Grenier rejected, with Lyon unwilling to sell one of their most promising players, according to the Metro.
Arsenal and Arsene Wenger have been interested in signing the Lyon starlet for some time now, and Wenger was even reported as dubbing him the "new Nasri".
But having finally made an official move for the 22-year-old, Lyon have rejected Arsenal's bid, which the Metro report as being in the region of £6m.
However, Grenier only has a year left to run on his contract and Arsenal were hoping to get him at a cut price. They would, therefore, also be unwilling to spend much on the player when a transfer could be agreed for him next summer that would see him join the Gunners for free.
One month ago, Grenier hinted that he could be joining the Gunners, telling French television: "I have made a decision about which club I will join this summer.
"I have made the choice for sporting reasons above all.
"Is it Arsenal? It could be them."
Since then, however, little has happened in the way of the proposed move.
But it seems Lyon president, Jean-Michel Aulas, is unwilling to just let the 22-year-old leave. Aulas intends to get his money's worth at the least, and £6m just doesn't cut it.
Yet he could be left with little choice. Lyon have offered the player a new deal with a large wage increase, but should he refuse this offer because he wants to move on to a bigger club, Lyon might have to let him go in order to prevent him going for free in 2014.
It's unlikely Arsenal will increase their bid by much; attacking midfield is one of the areas they remain strongest in, with other positions being the priority. Therefore this transfer is more of a luxury, with Arsenal already possessing numerous options in this department.
Grenier had seven goals and nine assists to his name after 32 games for Lyon last season. He has been compared to Samir Nasri, but people have also drawn comparisons to Brazil star Kaka.
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