Arsenal could complete the signing of Alexandre Lacazette within the next 48 hours, according to Lyon president Jean-Michel Aulas.

The French striker is set to become Arsenal’s record signing after Lyon showed greater flexibility over their £57million asking price, and it appears that Lacazette will now join for a fee worth around £43m.

Aulas told Le Progress that the deal could be complete in “one or two days”, adding: “The transfer [fee] will be between €45million and €50m. Being close to €50m is unique, and will probably be a record for Arsenal and Olympique Lyonnais as well.

“We will probably reach a new record, it’s not a small transfer, €50m for a player trained by our club.”

Lacazette is expected to arrive in London in the coming days to complete a transfer that would constitute a significant coup for Arsenal.