Lacazette Signs For Lyon After 5 Years.

Following Lacazette's contract expiration by the end of June, Gunners boss Mikel Arteta admitted in April that Arsenal took a risk in delaying talks with the player about a new deal.

"It is the agreement that we made with him. That was our position and our position remains the same - that is what we are going to do," Arteta added at the time.

"The risk of that happening, it was always there since the moment we made that decision, then it is up to him."

Lacazette captained Arsenal after Pierre-Emerick Aubameyang, who has since joined Barcelona, was stripped of the armband by Arteta in December for a disciplinary breach.

Arsenal have not competed in the Champions League since 2016-17 and will play in the Europa League group stage in 2022-23 after finishing fifth in the Premier League.