Lyon president Jean-Michel Aulas has revealed the Ligue 1 club have not yet received an offer from Arsenal for goalkeeper Hugo Lloris.
Lloris has been targeted by several Premier League clubs since Lyon stated late last week they would allow the France international to exit the club this summer for around €20 million.
Along with the Gunners, Tottenham and Liverpool have been linked with Lloris. Arsene Wenger is understood to be an admirer of the 25-year-old, but Aulas claims no potential suitors have put forward an official bid.
"Lloris told me that he would like to leave if he has an opportunity to play for one of the five biggest European sides," the Aulas told Lyon's club website.
"If any of these teams make an offer meeting his market value, €20 million, he will be allowed to leave. For now, though, I have not received any offers, neither from Arsenal nor from elsewhere."
Lloris joined Lyon from Nice for €8.5 million in 2008.