Arsene Wenger is a big admirer of the Nice midfielder, who played such a starring role last season as the French outfit finished third in Ligue 1.
Informal talks have been held between the clubs regarding the 26-year-old, but as of yet the Gunners have not submitted any offer.
Nice do not want to sell and point to the fact that Seri has a £33 million release clause.
That is a price tag Arsenal and reluctant to meet so they are currently biding their time and pondering other options – including Sporting Lisbon’s William Carvalho.
But Seri is the preferred option so the Gunners will be watching tonight’s game in Amsterdam with interest.
It is the second leg of the Champions League third qualifying round clash between Nice and Ajax and the tie is locked at 1-1 after the first game in France.
Should Nice lose tonight and exit the competition before the group stage, Arsenal believe they could land Seri for less than his £33m release clause.
The Ivory Coast midfielder is seen by Wenger as one of the missing pieces in his jigsaw this summer as he looks to put a squad together he believes is capable of challenging for the Premier League title.
Wenger has already had three bids rejected for Lemar, but is believed to be preparing to return with a fourth offer which will be in excess of £50m.
One issue Wenger has, however, is that he needs to move some players in to free up space in what is an congested squad at Arsenal.
Wenger is also open to selling Mohamed Elneny, with the Egyptian midfielder having already rejected a move to Leicester this summer.
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