The Premier League have mostly ended the transfer window as the biggest spenders in the world, that trend may go on for a long time.
Sanchez, 28, has just 12 months remaining on his current deal at the Emirates but is no closer to agreeing terms over a new contract.
French outfit PSG are also believed to be eyeing a summer move and star man Cavani admits he would like to see Sanchez in the French capital.
When asked about the club’s interest in Sanchez and Borussia Dortmund star Pierre-Emerick Aubameyang, Cavani told Canal Football: ‘If they come, they are welcome.
‘We always hope that new players complete the team with their qualities.
‘As for what the club is missing, I will never tell you. For me, my team-mates are the best.’
Despite winning 27 of their 37 league games this season, PSG look set to finish second behind Monaco in Ligue 1.
With one match remaining, Unai Emery’s charge, who were knocked out of the Champions League by Barcelona, trail Monaco by three points.
Arsenal, meanwhile, are on the verge of missing out on the Champions League after Liverpool’s thrashed West Ham on Sunday.
The Gunners need to win both of their remaining two games and hope Jurgen Klopp’s side slip up at home to Middlesbrough to stand a chance of finishing in the top-four.