Arsenal target Hugo Lloris has had a £16m price tag slapped on him by his French club Lyon according to president Jean-Michel Aulas.
Despite winning the French cup last season the club a fourth-place finish in the league has prompted a clear out of some of their under-performing stars.
The highly-rated keeper has been linked with a number of Europe's big-hitters in recent months with Arsene Wenger thought to be among his admirers.
But Aulas has warned the Arsenal boss he has got just two weeks to come up with the money or else he will be going nowhere this summer.
"A certain number of players were not good enough last season and will leave or at least be placed on the transfer list," said Aulas to the club's website.
"Hugo told me he would like to leave if an offer comes in from one of the biggest five clubs in Europe.
"If one of these clubs makes an offer that matches his market value, in other words 20 million Euros then he can go.
"If there is no offer before July 15 he will remain at the club for the coming season.
"For the moment there has been no offer from Arsenal or anywhere else."