The Lyon striker was reportedly a target for the Premier League duo but ultimately opted to remain in France.
Indeed, Lacazette has revealed that his decision was made easier because the speculation caused him a great deal of stress.
After another impressive season in Ligue 1, both Liverpool and Arsenal could look to rekindle their interest in the summer, with Tottenham also linked with a move.
While Lyon hope to hold onto the player when they move into their new stadium after Euro 2016, the player is not so sure where his future lies.
GETTY
Lyon hope to keep hold of Alexandre Lacazette
At the moment I cannot say if I am staying or not
Alexandre Lacazette
He told OL TV: “Last year, when I was being talked about regarding a possible transfer, that worried me, because I struggled to deal with all the speculation which was coming from all sides.
"My aim is now to do my best this season and at the end of the season we shall see.
"I know that several clubs are watching me, but I will think about whether I want to leave or stay later on and then we shall see.
"At the moment I cannot say if I am staying or not, because if a club puts a certain amount of millions of euros on the table, the President will probably tell me to leave.”
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