Olympique Lyonnais have confirmed they received a £30m bid from Arsenal for French striker Alexandre Lacazette this week.
But the French club released a statement on Twitter today denying claims the Gunners returned with an improved offer of £40m – a rumour circulating in the French media this morning.
Instead, Lyon claim they have not responded to Arsenal's initial bid because they are keen to keep to French international striker on board.
The club statement read:
Olympique Lyonnais denies categorically having received a £40m offer from Arsenal for the transfer of Alexandre Lacazette as Le Progrès stated in its issue this morning.
The club regrets once again that the publication has not bothered to contact them before publishing the false information which creates confusion on the day we publish annual turnover of £183m, up 111% compared to 2014/2015.
The reality is that the Arsenal made an offer of £30m which Olympique Lyonnais did not respond to for one reason only: OL wants to keep Alexandre Lacazette because he is irreplaceable and one of the major leaders of Bruno Genesio's group.
Claudio Ranieri has told Riyad Mahrez he is much better off at Premier League Champions Leicester than Arsenal.
The Leicester manager wants Mahrez to follow Jamie Vardy's lead of snubbing a move from the Premier League champions.
Ranieri has repeatedly said he expects last season's PFA Player of the Year to stay at the King Power Stadium having already lost N'Golo Kante to Chelsea.
He said: "I think Mahrez for us is very important as our light. If he goes in another big team, there are so many lights, so many stars, why? Stay with us, it's much better, much better. He's our champion. If he goes in another team, there are so many champions.
League One Fleetwood Town have confirmed manager Steven Pressley has quit the club just 11 days before the start of the season.
The decision was made this morning following a meeting.
It was agreed it would be best to take the club in a different direction.
ANNOUNCEMENT: Fleetwood Town can confirm we have accepted the resignation of manager Steven Pressley.
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Five Russian sprint canoeists have been banned from the Olympic Games after being implicated in doping irregularities, the International Canoe Federation has announced.
The ICF ruled five sprint canoeists - Elena Aniushina, Natalia Podolskaia, Alexander Dyachenko, Andrey Kraitor and Alexey Korovashkov - ineligible to compete at the Games, but stopped short of issuing a federation-wide ban.
Mauricio Pochettino insists he is happy at Tottenham following speculation linking him with the vacant Argentina job.
The 44-year-old, a former Argentina international, was reportedly on the shortlist to succeed Gerardo Martino, who resigned as head coach of the national side after last month's Copa America final defeat to Chile.
But Pochettino, having led Spurs to a third-place finish in the Premier League last term, wants to stay at White Hart Lane.
I think the speculation is normal because I am an Argentinian coach at a top club in England.
There are a lot of rumours that appear in the media but I am happy at Tottenham and for that reason, this is not the right moment.
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Spurs striker Harry Kane used his two dogs to reveal that long-term girlfriend Kate Goodland is pregnant with their first child.
The England international posted a photo on Twitter of his dogs displaying messages that read: "mum and dad are getting us a human!" and "guard dog duty starts January 2017."
The couple, pictured together below at the Professional Footballers' Association awards dinner in 2015, have been dating for five years.
The governing body of world swimming, FINA, has ruled that seven Russian athletes have been banned from the Rio Olympics for violating rules on doping, according to AP.