Giroud, who has scored 13 times this season, is said to be a target for Newcastle.
Louis Nicollin: "Newcastle? They are too small for him.
"Arsenal? You would have to see if Arsene Wenger is interested but, as before, there is Van Persie.
"And at 10million euros? No. Given that he still has more than two years of contract, it will cost more.
"He has a contract until 2014, [so] 50 or 60million euros at least."