While Arsenal's pursuit of a new striker has been well documented, having failed to lure Leicester's Jamie Vardy to north London after triggering his £20million release clause.
And the Telegraph claim Wenger is set to make a new £35m bid for striker Lacazette, having seen their opening £29m offer turned down last week.
GETTY
Arsene Wenger responds to Shkodran Mustafi and Alexandre Lacazette speculation
When asked about Mustafi, Wenger said: "We have not closed any deal with anybody at the moment. That’s the answer. You speak about Mustafi.
"Is it Mustafi or anybody else - we haven’t concluded anything at the moment."
And when pressed for an update on Lacazette, the French boss added: "I can understand that you are interested in transfers but I’m not ready to come out on any name."
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