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Pep Guardiola is set to hold talks with the Manchester City board over the possibility of signing Sanchez in January.
City were struck by injuries to Gabriel Jesus and Kevin De Bruyne in the 0-0 draw with Crystal Palace yesterday and Guardiola is eyeing a move for Sanchez as an instant replacement.
The Arsenal star’s contract runs out in the summer and the Gunners are keen to recoup some cash for the 29-year-old instead of letting him leave for free.
If Sanchez does head for the Emirates exit in January, Arsene Wenger is likely to have some funds with which to replace the departing Chilean.
Wilfried Zaha, Thomas Lemar and Riyad Mahrez have all be linked with Arsenal recently, but who else is in the frame?