Montpellier president Louis Nicollin believes that Newcastle United are not a big enough club to attract Olivier Giroud, while Arsenal will have to stump up at least €50 million if they want to land the much-coveted striker.
Magpies boss Alan Pardew has stated that he would like to strengthen his forward line during the January transfer window and is said to be keen on Giroud.
Arsenal are also reportedly tracking the 25-year-old and are rumoured to be readying a bid of €10m.
However, Nicollin believes that Newcastle have absolutely no chance of landing the player, while the Gunners will have to significantly increase their offer if they are to persuade Giroud to move to the Emirates.
"Newcastle? They are too small for him," Nicollin told RTL. "Arsenal? You would have to see if Arsene Wenger is interested but, as before, there is Robin van Persie.
"And at €10m? No. Given that he still has more than two years left on his contract, it will cost more. He has a contract until 2014, [so] €50 or €60m at least."
Giroud, who has been capped twice by France, has scored 13 goals in 18 appearances for Montpellier in Ligue 1 this season.