The one-time Chelsea youngster has established himself as one of the top goalscorers in the Premier League since leaving west London, initially on loan, in summer 2012.
Indeed, during spells with West Brom and Everton, the Belgium international has bagged 60 goals in 139 Premier League appearances – an incredibly impressive return for a 23-year-old.
Arsenal boss Arsene Wenger is desperate to add to his strike options this summer but has already missed out on priority transfer target Jamie Vardy, who rejected a £20millon move to the Emirates.
He’s now held talks with both Everton and their star striker Lukaku, who the Goodison outfit reportedly value at a staggering £65million.
However, The Sun claim Ronald Koeman’s side could be convinced to sell for just £40million.
The British tabloid also reveal that Wenger has held talks with Lyon striker Alexandre Lacazette, who would set the Gunners back around £38million.