Alexandre Lacazette is a target for Arsenal this summer. [Picture: Getty]
Arsenal have been dealt a massive blow ahead of the summer transfer window if reports coming out of France that money-bags Paris Saint Germain have snapped up Arsenal summer target Alexandre Lacazette are to be believed.
According to French Football, PSG have agreed a deal with Lyon over the signing of Lacazette from Lyon.
Arsenal have been heavily linked with a move for the Ligue 1 top scorer of the just concluded season, with reports claiming the striker himself is willing to seek new pastures.
This has placed several top clubs across Europe on red alert and has seen the 23-year-old hitman linked with several big money moves.
Arsenal are keen on landing the sensational striker, but fresh reports claim the Gunners have been beaten to his signature by PSG.
Lyon where reportedly holding back for a fee of around €54.8m (£40m) for the French striker. However, the report says both parties have already agreed a deal and now PSG have to agree personal terms with Lacazette for the move to be completed.