Arsenal are ready to swap Alexandre Lacazette for Atletico Madrid midfielder Thomas Lemar, according to Spanish outlet AS. 

It comes after the Gunners confirmed they are ready to take 'serious' disciplinary action after Lacazette was pictured inhaling 'hippy crack.'

Lacazette, 28, who is on £180,000-a-week, could face a maximum two weeks' fine as a result after pictures emerged of him inhaling from a balloon at his home last week.

The Gunners tried to sign Lemar, 24, from AS Monaco, but lost out when he joined the LaLiga side in 2018.

But two years on Lemar has fallen out of favour at the Wanda Metropolitano.