Arsene Wenger wants Alexis Sanchez to get Arsenal back in the Champions League

Sanchez only has one year left on his contract at the Gunners and hinted he had made his mind up to leave after stating his desire to play in the elite European competition.

That has given Arsenal a dilemma whether to cash in on the forward or potentially see him leave for free next summer, a risk they appear happy to take.

Wenger, speaking ahead of Wednesday's friendly against Bayern Munich in China, told reporters: "The decision has been made and we will stick to that."

Asked what the decision was, Wenger added: "The decision is not to sell."

The boss insisted he did not attach much significance to his star player's comments, where Sanchez said it was his "dream" to win the Champions League.

"I do not give too much importance to things that are translated," Wenger said.

"The whole interview, which I got, did not really mean that [he only wants Champions League football]. The main focus for us is on the Premier League, that for me is more important than the Champions League.

"We sometimes rested players in the group stage of the Champions League for the Premier League, so that has become the biggest importance for us.

"We have played 20 years in the Champions League, 17 years before Alexis arrived and three years with him - he can get us back in there."

Sanchez is attracting interest from the likes of Manchester City and Paris Saint Germain and when questioned last week, appeared to suggest his future lay elsewhere.

''I've already taken my decision, but now I depend on Arsenal and to see what they want,'' Sanchez told Canal 13 in Chile.

''My idea is to play in and win the Champions League. It's a dream that I've had since I was small. For now I'm at Arsenal and my contract finishes in another year.''

Arsenal have already made a statement of intent this summer by signing France forward Alexandre Lacazette from Lyon for a club-record fee.

Wenger said the eye-watering sums being spent in the transfer market come from selling clubs demanding large figures from Premier League teams.

"For the amount of money that the Premier League spends, it's linked with the fact that when people know that you have money, they want a lot from you," Wenger said.

"That's just a fact and the consequence of the Premier League being rich. That explains the (transfer fees)."