Arsenal will not be making another bid for France striker Alexandre Lacazette, according to Lyon president Jean-Michel Aulas.

The Ligue 1 club revealed this week they rejected an offer of €35m (£29.3m, $38.4m) for the 25-year-old striker, insisting claims the bid was actually €48m were well wide of the mark.

In their statement, Lyon insisted Lacazette, who scored 21 league goals last term, remains integral to their plans ahead of the 2016-17 season. Aulas has now reiterated that stance, suggesting Arsenal have now ended their interest in the player.

"Arsenal have not come back [with another offer] and they will not come back," Aulas was quoted as saying by L'Equipe. "No one will leave Lyon, except for Rachid Ghezzal if he has an offer, which I doubt."

With Danny Welbeck sidelined and Olivier Giroud still on holiday after a lengthy Euro 2016 campaign with France, Arsenal are set to start the season with Theo Walcott and Chuba Akpom as their only options at centre-forward.

Speaking after the club's pre-season friendly victory over MLS All-Stars on Friday, Wenger confirmed he is still in the hunt for another striker.

"At the moment I have not too many attacking options in terms of experienced players. But let's not forget we still have a few players at home. There also a few players who did not play, like [Santi] Cazorla and of course [Mesut] Ozil and [Aaron] Ramsey are at home. [Olivier] Giroud is also not here. So we have options but we still look outside for one more."

Lyon meanwhile have already sold one of last season's key players in Samuel Umtiti, who joined Barcelona for £21m. Flush with cash following the sale of Gonzalo Higuain to Juventus, Napoli have attempted to sign Corentin Tolisso from the French giants, only for the 21-year-old to commit to Lyon for at least one more season.