It's claimed that the Gunners have put Edouard on their list of potential signings to replace Lacazette this summer, and have been impressed with his performances this season.
Atletico Madrid want Lacazette, and with just over a year left on his Arsenal deal, the Gunners may be tempted to cash in on the Frenchman if they can't convince him to stay.
Still, Arsenal's preferred course of action is to keep Lacazette and get him back into form, rather than have to sell him and then have to replace him.
The 28-year-old has scored seven times in 20 Premier League appearances this season, but hasn't always looked at his best, recently going eight league games without a goal.
Some may like to see the former Lyon striker move on and have the funds reinvested, but as things stand, that isn't Arsenal's plan for this summer.
They therefore risk missing out on Edouard, as other clubs will surely be trying to sign the Celtic man after 27 goals and 19 assists for the Bhoys this season.
Arsenal clearly like Edouard, but have no reason to sign him unless Lacazette moves on – and right now, it seems the Gunners prefer to keep Lacazette.
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