Former English Premier League champions Manchester City are asking Arsenal to accept £50 million for Chilean star, Alexis Sanchez who will be the highest-paid player if the move materilaises.
Sanchez, 28, is in the last year of his contract and has not committed his future to Arsenal who have offered a new lucrative deal.
The player is also being courted by Bundesliga giant Bayern Munich.
However, Arsenal boss Arsene Wenger has insisted he would not be selling the player and other top performers such as Mesut Ozil and Hector Bellerin. The latter is being linked with a move back to his boyhood club Barcelona.
Already, Man City have signed two players.
The club completed the signing of Brazilian goalkeeper Ederson from Benfica last Thursday while Portuguese playmaker Bernardo Silva signed from Monaco was the first high-profile signing by Manchester City manager Pep Guardiola ahead of the 2017/18 campaign.