Alexandre Lacazette will cost Arsenal £40m

Tuesday was a difficult day for Arsenal fans, with summer target Gonzalo Higuain joining Juventus in a €90million deal and Lyon rebuffing the Gunners' initial £29.4m offer for Alexandre Lacazette.

The Mirror suggests that Arsene Wenger will have to pay £40m to land the French forward, while The Sun reports that Arsenal have now turned their attentions to Real Madrid forward Jese Rodriguez.

Jese has cut a frustrated figure in recent times and has reportedly asked to leave the Bernabeu due to a lack of regular playing time, though Arsenal are said to face competition from Liverpool for the 23-year-old's services.

Meanwhile, Antonio Conte could risk the wrath of Arsenal fans by bringing William Carvalho - long linked with the Gunners - to Chelsea this summer.

Elsewhere, West Ham's pursuit of a striker rumbles on while Paul Pogba's world-record move to Manchester United is reportedly being held up by - you guessed it - money.