Liverpool and Juventus interest
Liverpool are also keen on Sanchez and have requested the Chilean be included in a proposed deal for Luis Suarez but, according to Spanish football insider Graham Hunter, the Gunners remain in pole position.
Arsenal are reported to have agreed a contract with Sanchez worth £130,000-per-week and, although a transfer fee still needs to be negotiated, Arsene Wenger would appear near to completing a notable coup with the acquisition of the 25-year-old forward.
Juventus were the first club to initially strike an agreement with Sanchez, this coming before the World Cup, but Hunter explains that the player is edging ever closer towards a transfer to the Emirates Stadium.
Arsenal in pole position?
“Liverpool want Alexis Sanchez in the deal [for Luis Suarez]," Hunter told talkSPORT.
"Brendan Rodgers would like him included as part exchange but, at the moment, Barcelona don’t seem to think that’s going to happen. Sanchez wants to go elsewhere.
“There is a big queue of suitors for him, and there was before his positive World Cup. Juventus made an agreement with him a week before the World Cup, and they're very keen. Arsenal want him and, at the moment, that’s the most likely destination.
“They’re willing to offer up big money, which will be recycled by Barcelona into the deal for Suarez. As we stand, although the player is on holiday and therefore we have to be patient because he has the final word, if he leaves the Nou Camp his most likely destination is Arsenal.”
Interest from Manchester
Manchester United have also been credited with interest in Sanchez as Louis van Gaal looks to bring further reinforcements to Old Trafford, although it may well be that the player secures a transfer to Manchester City, should another deal take place in the coming weeks.
“If Alvaro Negredo leaves Man City, which he has told the club he wants to, to join Atletico Madrid, then I would not rule out a move from Manuel Pellegrini's side,” Hunter added.
An ideal signing for Arsenal?
Arsenal are in command given their willingness to spend big, which is still something relatively difficult to fathom. But, as demonstrated last summer with the signing of Mesut Ozil, Arsene Wenger is prepared to sanction an enormous outlay if the player is the right one.
Wenger clearly rates Sanchez highly enough that he is ready to go all out against Arsenal’s closest rivals, and it is a signing that could be a pivotal one for the club as they bid to reinforce their attack.
Last season Sanchez was able to score 19 times and provide 10 assist in 34 appearances in La Liga, the vast majority of both having been contributed from a right-sided forward position.
But will Wenger chose to operate Sanchez through the middle? He played in a central striker position on four occasions for Barcelona in the most recent campaign, scoring twice and setting up another.
For his country also Sanchez has demonstrated that he can perform to distinction in this role, and his versatility could make him one of the most dangerous players in the Premier League should he complete a transfer.
Difficult to pick up and difficult to catch up when in full flow, Sanchez is also perhaps more clinical than any of the forward options at Wenger’s disposal. Ozil may have been Wenger’s record signing, but Sanchez could easily become his best.