Manchester City remain hopeful that an improved bid will persuade the North London club to sell last season’s top scorer at the Emirates Stadium, but Arsenal are adamant that the Chilean will not be sold.
Reports suggest that a huge offer of around £70million would tempt the Gunners into selling rather than lose Sanchez on a free transfer next summer, but this is further complicated by Arsene Wenger needing to bring in a replacement if the forward is sold.
Arsenal are still keen on Monaco winger Thomas Lemar, for whom they have already made three unsuccessful bids this summer – the most expensive of which was worth €50m, but Wenger himself described the deal as being “dead”.
However, in recent days Liverpool have entered the race for the 21-year-old France international and the star could be subject to a bidding war between the two clubs.
Monaco are reluctant to lose another key player after selling the likes of Bernardo Silva, Tiemoue Bakayoko and possibly losing Kylian Mbappe, but they could find a bid in the region of €80m too good to turn down.
Another option for Arsenal could be Paris Saint-Germain winger Julian Draxler, who is reportedly surplus to requirements with the expected arrival of Mbappe.
The Mirror report that Wenger is looking again at the German star, after also making another enquiry about Lemar.
Meanwhile Leicester’s wantaway winger Riyad Mahrez is another back-up option, but Arsenal could face competition from Barcelona. The player has been given permission by the Algerian football association to leave the training camp to finalise a transfer to a major European club – rumoured to be Barca.
Elsewhere, Arsenal have agreed to sell Alex Oxlade-Chamberlain to Liverpool, after accepting a bid worth up to £40m. The England winger has undergone a medical and is expected to be announced as a Reds player today.