Arsenal fear Kylian Mbappe is set for Real Madrid as they concentrate efforts on Alexandre Lacazette

• Arsenal transfer news: All the latest from the Emirates Stadium
• Arsenal believe they are losing their fight to coax Kylian Mbappe to the club
• Arsene Wenger had made the 18-year-old his No 1 transfer target this summer
• Gunners believe the lure of Real Madrid will be too great for Mbappe to ignore

Arsenal fear they will lose out to Real Madrid in the race to sign wonderkid Kylian Mbappe this summer.

The Monaco striker is the club’s No 1 transfer target but there is a growing realisation that signing the 18-year-old will be a bridge too far given Real Madrid’s stature and the fact Arsenal have not qualified for the Champions League.

Arsenal’s interest in Mbappe remains concrete, but the north London club understand the lure of Madrid - and the opportunity to continue his Champions League career - will be hard for the France international to reject.

As a result, Arsene Wenger is set to accelerate his interest in Lyon striker Alexandre Lacazette a year after he launched a failed £35m bid to sign the player.

Lacazette scored 37 goals in 45 games for Lyon last season including 28 in Ligue 1 and looked set to leave for Atletico Madrid before a transfer embargo was imposed on the Spanish club.