Sanchez has been ready to exit the Emirates for some time now and Manchester City have been leading the race since the summer. However, Manchester United, earlier this week, made solid attempts in luring the striker to Old Trafford from under the nose of City, but Sanchez has rejected the move as he holds out for Manchester City, according to The Mirror.

Sanchez's transfer fee

United's offer was for around £25m and Jose Mourinho also added former Dortmund star Henrikh Mkhitaryan to sweeten the deal for Wenger - it's still unsure whether Wenger would sell to United, even with Mkhitaryan as part of the deal - despite both United and City being big rivals for the Gunners, Manchester City are running away with the Premier League and for Arsenal to reach the top four and that all important Champions League spot, they need Manchester United to drop points and handing Alexis Sanchez over to them will not help the Gunner's campaign.

Sanchez's contract is set to expire at the end of the season and Wenger could lose his most valued player on a free transfer if he is not sold in January. The fee for Sanchez is rumoured to be around £30m - an extremely small price to pay in this day and age for such a talented forward.

Sanchez's form for Arsenal

Despite a poor start to the season for Arsenal, Sanchez has been the pick of the bunch, along with Mesut Ozil - another top player looking to leave the club. Sanchez has scored seven goals in 19 games for Arsenal so far this season - not an easy feat for a side lacking in confidence. Last season, Alexis scored 24 goals during the Premier League season and also managed ten assists for his teammates.

A reunion for Alexis and Pep

The appeal for Sanchez at City is a reunion with Guardiola, after they spent some years together at Barcelona in La Liga - before Sanchez moved to England and Guardiola took charge of Bayern Munich in the Bundesliga.

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City boss Pep Guardiola almost landed his man on the final day of the transfer window in August only for it to fall through due to Wenger's failed attempts at signing replacement Thomas Lemar from Monaco.

Manchester City are reportedly ready to bid for the Chile international once again and it will come in the very near future - it's said to be in the region of around £30m and will inevitably take Sanchez to the Etihad.

Manchester City have a formidable squad this season - they have goals in abundance with Sergio Aguero, Gabriel Jesus, Raheem Sterling and Leroy Sane, it's difficult to picture where Sanchez would fit in their starting line-up. However, Guardiola would be more than happy to have such a problem picking his starting 11 from a long list of world-class players.