Koscielny endured a long spell on the sidelines due to an Achilles injury last season. The issue limited him to just 13 Premier League starts and it contributed to Arsenal’s poor defensive record, which saw them keep just one clean sheet away from home.
Frenchman Koscielny is one of Arsenal’s longest-serving players, having been at the club since 2010.
Lyon reportedly want to sign 33-year-old Arsenal defender Laurent Koscielny this summer
Koscielny played for Lorient, Tours and Guingamp in France and, according to Foot Mercato, he is excited by the idea of returning to Ligue 1. It is claimed that Lyon have begun talks with Koscielny over a two-year contract.
The 33-year-old is also wanted by Borussia Dortmund in Germany.
Arsenal could be tempted to part with Koscielny, providing they are able to source a suitable replacement.
He is under contract at the Emirates Stadium until the summer of 2020, with Arsenal mindful that they will only be able to command a significant transfer fee if they sell him during the current window.
Manager Unai Emery has been tasked with overhauling his current squad on a shoestring budget, after being allocated just £45million to spend.
Koscielny has won two FA Cups with Arsenal. He has also reached two League Cup finals and one Europa League final.
Lyon, unlike Arsenal, will play in the Champions League this year, having finished third in Ligue 1 last season.
Koscielny is considering his future and is said to be excited about a possible return to Ligue 1