Alexis Sanchez is closing in on a move to Manchester City. (AMA/Getty Images)

Alexis Sanchez has edged closer to leaving Arsenal after he agreed personal terms with Manchester City, according to reports in Portugal.

O Jogo claims that the Chile international recently spoke with Pep Guardiola, which has helped speed up the transfer, and negotiations have now progressed to a point where the deal is ‘virtually complete’.

Sanchez has verbally agreed to join City, according to O Jogo, and the deal will cost Guardiola’s side £50 million.

On Friday, reports in Chile claimed that the 28-year-old had informed Arsenal and Arsene Wenger about his desire to join City.

Arsene Wenger has insisted he would not sell Sanchez (AFP/Getty Images)

‘Not playing in the Champions League is a big deal for Alexis, he is motivated to participate and win it,’ a source close to Sanchez told El Mercurio.

‘Alexis spoke to his team-mates in Russia about the subject, he has spoken with his family as well.

‘All of them came to the same conclusion – it is best for him to end his journey with Arsenal and join City.

‘Alexis is not willing for that, for any reason, [to stay at Arsenal] his idea is to leave in this moment.’

Sanchez wants to join up with Pep Guardiola at Manchester City. (Getty Images)

Arsene Wenger has insisted throughout the summer that he would not allow the Chilean to join a Premier League rival.

The Arsenal boss has also claimed that he would be willing to let Sanchez leave on a free next summer when his contract expires.

The Chilean has just one year remaining on his current deal and has so far refused Arsenal’s offer, which is close to £300,000 a week.

Sanchez is Guardiola’s priority attacking signing having already landed Bernardo Silva from Monaco in May and the 28-year-old is now closing in on his move to the Etihad Stadium.

MORE : Luka Modric issues warning to Alvaro Morata over Chelsea move

MORE : Arsenal hope Alexandre Lacazette can help them seal Thomas Lemar transfer