Lyon president Jean-Michel Aulas has said that goalkeeper Hugo Lloris is available for transfer this summer at a price of £16m.
Lloris has been linked with moves to Liverpool and Arsenal in recent weeks, but Aulas claims that he has yet to receive any offers for the 25-year-old France stopper.
"A certain number of players were not good enough last season and will leave or at least be placed on the transfer list," Aulas told the club's website. "Hugo told me he would like to leave if an offer comes in from one of the biggest five clubs in Europe.
"If one of these clubs makes an offer that matches his market value, in other words €20m then he can go. If there is no offer before July 15 he will remain at the club for the coming season.
"For the moment there has been no offer from Arsenal or anywhere else."
Lloris made 36 domestic league appearances last season as Lyon finished fourth in Ligue 1, 18 points behind champions Montpellier.
