Arsenal transfer news: Alexis Sanchez wants £400,000-a-week, Man City ready £60m bid

The Chile international, 28, has already rejected a £300,000-a-week offer from Arsenal to extend his stay at the Emirates. 

Sanchez has already admitted he wants to play Champions League football this season, which has intensified speculation that he will leave the north London club this summer. 

But Arsene Wenger is determined to keep his prized asset even if he leaves on a free transfer at the end of the season.  

However, in order to keep the former Barcelona man for the long term Arsenal will have to pay him £400,000-a-week, report The Daily Star. 

Should Arsenal give in to his demands he will become the Premier League’s top earner, eclipsing Manchester United midfielder Paul Pogba - who is on £290,000-a-week. 

But his massive wage demands are likely to boost Manchester City’s chances of signing him. 

Pep Guardiola has refused to rule out securing a reunion with Alexis Sanchez at the Etihad. 

And The Daily Star say City are now ready to increase their open offer of £50m to £60m for Sanchez in the hope that they can lure him away from north London. 

Wenger will welcome the Chilean back to first-team action when the Gunners take on Liverpool at Anfield tomorrow (4:00pm).

And he has continued to express his confidence in Sanchez staying at the club by outlining that he ‘deeply loves’ being at Arsenal. 

“Alexis wants to play. Alexis works hard and is focused to play,” Wenger said. 

“I deeply feel that he deeply loves to be here and he loves the club. In a professional job I always think that you have to make sure the guy who pays you gets what he’s paying you for.

“Alexis is in that mode and I think he will be until the last day he is here, he will give his best.

“I don’t consider their contractual situation to decide who plays and who doesn’t play.”