Wednesday's Arsenal transfer rumours:

All the latest Arsenal transfer news and rumours from across the British and European press on Wednesday, June 28.

AC Milan want to strengthen their defence by signing Laurent Koscielny, according to Gazzetta dello Sport.

The Arsenal defender is also thought to be a target for Marseille.

Alexis Sanchez has not been distracted by the uncertainty surrounding his Arsenal future, according to Chile coach Juan Antonio Pizzi.

"We think he's very happy. He's giving his best like everyone else," said Pizzi.

"Everybody would like to be at the best clubs in the world, he is already at one, and everyone wants to have him in the squad. He's very focused and he knows exactly what he has to do.

"We will see what happens in the future. Right now he feels very comfortable and he's committed to the national team."

Meanwhile, The Daily Mail are reporting that Arsenal are offering Sanchez and Mesut Ozil huge Champions League pay hikes to sign new contracts.

The Daily Mirror are reporting Jack Wilshere is expected to miss the Gunners' tour of Australia and China as he continues to recover from a broken leg.

Finally, Lyon president Jean-Michel Aulas does not think in-demand striker Alexandre Lacazette will leave the club for Arsenal this summer.

Aulas had said earlier this week that he would not let Lacazette leave the Ligue 1 club until someone offered their £57m valuation and gave him time to find a replacement. But his comments to Canal Plus on Tuesday night suggested the need for Lyon to find an additional might not come until the January window.

Aulas also said Lyon's interest in Arsenal striker Olivier Giroud, who has been linked with a move back to France, had not yet gone any further than that.

In an interview with the French broadcaster, Aulas said: "I do not think that Alexandre Lacazette will leave this summer. I do not have anything to say about Olivier Giroud. We're interested. Things haven't advanced."

Lacazette had previously been expected to join Atletico Madrid and Aulas said that move could be back on the cards once the Spanish side's transfer ban concludes in January. Pressed further about that move, Aulas simply said: "It's possible."