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Lyon president delivers Arsenal blow in Houssem Aouar transfer update

Lyon president Jean-Michel Aulas has provided an update on the future of star midfielder Houssem Aouar.

Aouar has been linked with a move to Arsenal throughout the summer window with the Gunners very keen on acquiring his services.

But they are struggling to gather the funds required to lure Lyon’s star midfielder, the Ligue 1 club commanding a fee of more than £50million.

And the club’s president, Aulas, has confirmed as much, stating that Arsenal are in a difficult place financially and that they may struggle to pull off the deal.

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“Financially, Arsenal are like everyone else (in a tricky spot),” he told Le Progres.

“And Houssem could say to himself that the best thing would be to stay with us.”

That’s a blow for Arsenal fans who have been desperate to see Aouar sign before the October 5 deadline.

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There is some hope for the Gunners in that they are keen to offload players to raise funds with the likes of Shkodran Mustafi, Matteo Guendouzi and Lucas Torreira all strongly tipped to depart.

But with less than two weeks remaining in the window, they are running out of time.