CBS Sports journalist Ben Jacobs has revealed the price tag of Arsenal target Lucas Paqueta.

As reported by Jacobs, Olympique de Lyonnais are ready to consider offers for the Brazilian international at £55 million (€65 million).

The journalist confirmed that Lyon president Jean-Michel Aulas will not hold out for the near £70 million price-tag quoted by him for the 24-year-old in January. It has been reported that the Ligue 1 side are resigned to losing their star midfielder this summer and would cash in on him at the right price.

As reported by UOL, Arsenal manager Mikel Arteta has endorsed the Gunners’ interest in the former AC Milan midfielder.

The report also claims that the Gunners have already held talks with Lyon regarding a move for the Brazil international.

Paqueta is a player very much in demand following a brilliant season in Lyon colors last time out.

The 24-year-old scored 11 goals and provided seven assists in 43 games across all competitions for Lyon last season and was voted the ‘best foreign player in Ligue 1’.

Apart from Arsenal, Paqueta is also wanted at Newcastle United, as reported by The Mirror.