Arsenal have been set a Friday deadline to complete the signing of Houssem Aouar by Lyon president Jean-Michel Aulas.
The Gunners are determined to sign the 22-year-old this summer and are set to raise their dismissed £32million offer to £36.5m with a further £9m in bonuses in a hope to secure the creative midfielder, according to football.london.
Aulas is also braced for late bids for forwards Moussa Dembele and Memphis Depay.
He told footmercato.net: 'I'm thinking of proposing it tomorrow (Tuesday) to Rudi (Garcia) and Juninho, sporting director), because it's understandable.