Arsenal have been told summer target Yoann Gourcuff is willing to take a significant pay-cut to secure a move to Emirates Stadium.
Lyon chairman Jean-Michel Aulas has been trying to get Gourcuff off the wage bill for some time, but poor form and fitness troubles have made this difficult.
ESPN are running with quotes from Aulas denying earlier reports that he would be willing to pay most of the 27-year-old’s salary to secure him a loan move to another Ligue 1 club.
Lyon paid Bordeaux €22million to secure Gourcuff’s signing in 2010, making him, according to ESPN, the highest paid Frenchman in Ligue 1 – something that has made offloading him more difficult.
Arsene Wenger has been credited with an interest in the former AC Milan man for a number of years and Aulas claimed Arsenal is the only club Gourcuff would consider taking a pay cut to join.
"Can you see us paying part of his salary for him to play against us with another French club? We've never considered that and it would even more stupid now than it was a fortnight ago," he said.
"All that I know, if I understood correctly, is that he was ready to lower his salary to go to Arsenal, but that's not the same thing."
The Gunners have been linked with a number of midfield targets this summer but Wenger has yet to spend any money in strengthening the squad, though France Under-20 striker Yaya Sanogo was acquired on a free transfer.