Lyon have confirmed that Houssem Aouar and Memphis Depay will stay put at the club despite keen interest from Arsenal and Barcelona for the players.
According to an announcement made to RMC Sport, all negotiations are off.
It will be recalled that Arsenal have shown keen interest in signing Aouar who has once upon a time been in the radar of Manchester City. Any deal for the midfielder would not be accepted as the ligue 1 side, will not welcome any fee for the French international.
While it seems that Barcelona are days away from the completing the signing of Memphis Depay, the Blaugrana will now have to look elsewhere, as the Dutch international will remain at the club.
With this, Arsenal may turn attention to former Liverpool player Phillipe Coutinho.