However, sources contacted by GFFN believe that internally, Vasilyev has set an extortionate price at which he would accept to sell Lemar at, but that he has refused to tell Arsenal what that price is in an attempt to produce a show of strength and continue the facade that Lemar is not for sale at any price.
Lemar was a key figure in the club's title success.
Don't you just love the transfer rumour mill, the way that just one little comment from an Arsenal groundman or an inconsequential journalist can spark a feeding frenzy amongst the fans.
Thomas Lemar is one of Arsenal's top targets.
"Today, Thomas is with the Ligue 1 leaders".
Alexis Sanchez is reportedly keen to leave the Emirates Stadium in search of Champions League football, but Arsenal remain intent on holding on to him.
"We are of the belief that logically the plan is [getting more] playing time, which is what he has at Monaco".
Managers are now pressing ahead with their plans for the summer transfer window so we'll bring you all the latest news and gossip from around the globe.
There is also speculation over the Ligue 1 club's 18-year-old striker Kylian Mbappe, who is an apparent target for Arsenal and Real Madrid.
It's worth noting that, according to recent reports, the France left winger has agreed personal terms with Arsenal but the Gunners are struggling to prise him away from Monaco.
"The truth is that the decision doesn't depend on me", Sanchez was quoted as saying by the Guardian.
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