Instead, Diaz, who signed Friday after a reported €8m move, is expected to be Lacazette's replacement.
Meanwhile, The Sun reports that Everton are lining up a "shock £20m raid" for Olivier Giroud and the Toffees are confident that they can beat West Ham and Marseille and sign the French striker. £100,000 per goal is certainly not a bad return for the top end of the Premier League. If they still aren't impressed by the club's offer, Arsenal may be forced to move on to plan C to improve their squad before next season. "I don't know." He added: "It's clear [in my mind] but I can't tell you anything".
Liverpool's top scorer last season was Philippe Coutinho with 14 goals.
The 19-year-old was in a superb form for Ajax last season as he helped the Dutch club reach the finals of the UEFA Europa League, with Liverpool manager Jurgen Klopp hailing the Dane as "brilliant".
AS cites French football programme Telefoot, which claims there is an agreement between Arsenal and Lyon. Wenger might be looking to spread the burden, just as he did when signing Giroud, Lukas Podolski, and Santi Cazorla in the summer Robin van Persie was sold.
However, a deal for Monaco midfielder Thomas Lemar, 21, is less likely after a bid was turned down.
Lacazette has scored over 20 goals in his last three consecutive seasons at Lyon.
Bayern Munich boss Carlo Ancelotti has confirmed he is interested in signing Sanchez, with interest from Arsenal's Premier League rivals Manchester City continuing.
The mammoth fee will heap pressure on Lacazette to perform, but he can take faith in his impressive goalscoring record for Lyon. With Bernardo Silva, David Silva, Leroy Sane, Kevin de Bruyne and Raheem Stering, the Citizens are already well-stocked in attacking midfield, as well as up front with Sergio Aguero and Gabriel Jesus.
"Alexandre Lacazette's transfer to Arsenal could be actioned within the next day or two", Aulus said yesterday.
As is now becoming common knowledge, Lacazette is very close to becoming an Arsenal player, with his move from Lyon imminent.
Arsenal are believed to be closing in on the club record signing of Alexandre Lacazette.