Arsenal insist Alexis Sanchez is staying and now they are finished in the market.

Manchester City left it too late to make a bid and even though they tabled £60m it did not give them enough time to get a deal done.

Arsenal have been interested in Thomas Lemar and PSG star Julian Draxler but there has not been enough time to get it done.

Now Arsenal have told City they will not sell.

Sanchez will be disappointed that his move to City has collapsed (
Image:
AFP)

City came back with a new bid of £55m - £50m plus £5m in add-ons - but Arsenal have been unable to find a replacement in the restricted time before the deadline.

While the money was close to what Arsenal wanted, a deal for Monaco's Thomas Lemar or Paris Saint Germain forward Julian Draxler has so far proved too difficult.

Thomas Lemar is due to play for France tonight (
Image:
REUTERS)
The Gunners are also keen on Julian Draxler (
Image:
AFP/Getty)
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