Arsenal will reportedly tempt Leicester City with a bid for wantaway winger Riyad Mahrez after seeing their £30m offer for Thomas Lemar rejected by AS Monaco.
The Gunners hoped to land France international Lemar to spearhead a big summer of spending and were said to be confident of getting their man.
According to The Telegraph, however, the North London outfit were unsuccessful with their initial approach, while Lyon are also standing firm on their valuation for £57m striker Alexandre Lacazette.
Arsenal have therefore switched focus back to Mahrez, who revealed at the end of last season that he wants out of the King Power Stadium after 'achieving all his targets' at the club.
The same report claims that Arsene Wenger remains fearful of losing Alexis Sanchez due to a standoff in contract negotiations, only piling the pressure on the Frenchman to bring in a few fresh attacking options.
Arsenal have so far made one signing this summer, bringing in Sead Kolasinac from Schalke 04 on a free contract.