Lyon set new price for Houssem Aouar after receiving Arsenal’s swap deal proposal involving Matteo Guendouzi

Lyon have set a fresh price for Houssem Aouar after receiving Arsenal’s swap deal proposal for the midfielder. Aouar has been one of the shining lights of this season’s Champions League, helping Lyon reach the semi-finals.

Their dream of winning the competition was brought to an abrupt end by Bayern Munich on Wednesday night as they were beaten 3-0. Lyon sporting director Juninho admitted after their European exit that several of their top assets – including Aouar – will likely leave this summer.

Arsenal are the only club to have made a formal offer for the midfielder, according to L’Equipe. While Juventus and Manchester City are among the sides interested, it is the Gunners who made the first move.

Technical director Edu proposed a swap deal involving Matteo Guendouzi, which received no response from Lyon chiefs.

His value was around €40m (£36m) when the Gunners lodged their opening bid last week but after his impressive displays in Europe they have hiked his valuation up to €60m (£54m).

Mikel Arteta is a big fan of the midfielder and Edu is aware of the manager’s desire to sign him, however, they will need to up their offer significantly to have a shot at landing him. ‘There are no presents. We will have to work,’ Juninho said after Lyon’s Champions League exit.

‘If we continue like this, we will be back in this competition. When you are well paid, you need motivation every day, we are going to concentrate on Ligue 1. There are the basics.

‘There will be departures, but I am not worried. ‘When you have players who play very well in a competition like this, like Moussa and Houssem… We will have to show the same spirit to be back in the Champions League next season.’