Arsenal have made their opening contract offer to Liverpool target Alexis Sanchez after submitting a £20m bid to Barcelona for his services.
According to the Metro, Arsenal have offered Sanchez £130,000-a-week, which is just short of £7m-a-year and would make him one of the club's highest earners alongside former-Real Madrid playmaker Mesut Ozil.
Reports today claimed Sanchez prefers a move to Arsenal over Liverpool, with the Chilean international potentially a makeweight in the Luis Suarez transfer. Barcelona are reportedly willing to throw Sanchez into the deal to lower the cash asking price.
And while Liverpool want to sign Sanchez if given the chance, the player will reject any offer from the Anfield club and push for an Arsenal move.
And Arsene Wenger has taken advantage of that fact, approaching Sanchez with the offer of a six-year contract worth £130,000-a-week.
There's been no word from Barcelona on whether Arsenal's £19.4m bid has been accepted but the Gunners have moved anyway to open contract talks. Barca may be waiting to hear back from Liverpool regarding their own interest in including Sanchez in the Suarez negotiations.
Regardless, Arsenal's offer presents Sanchez with a nice dilemma. He enjoyed a fantastic World Cup with Chile and is one of the most in-demand wingers in the world.
He basically has his pick of clubs, and of course he could decide to stay at the Nou Camp. But Arsenal's offer, which was made by the club's transfer handler Richard Law, represents what is essentially a double-your-money deal. His current Barca contract is worth £75,000-a-week.
Other options for Sanchez, apart from Liverpool, includes the likes of Juventus and Paris Saint Germain.