Nottingham Forest had reportedly agreed a deal with Lyon for Fofana earlier this week, but the player has yet to accept the offer. This is due to interest from other top clubs, including Chelsea, who are still keen on signing Fofana. Bayern Munich and Napoli have also expressed their interest in the player.
Chelsea had already made a verbal enquiry to Lyon about Fofana, and Arsenal, Liverpool, and other teams are now ready to begin talks with the young player. This increased interest in Fofana is not only due to his quality as a player, but also because of Lyon's recent relegation to Ligue 2.
Lyon's relegation was due to financial reasons, and the club is likely to lose multiple players this summer, including Fofana. In order to stay afloat, Lyon may have to sell Fofana at a lower price than expected. Last season, Fofana scored 11 goals and registered six assists in 41 appearances in all competitions, making him an attractive target for many clubs.