According to the Metro, Liverpool officials have offered the Barcelona forward £150,000-a-week in an effort to persuade the Chilean international that his future lies at Anfield.
But, as reported earlier this week, Sanchez is not short of offers with Arsenal thought to be his preferred destination. Manchester United have also been linked.
Luis Suarez deal
The issue surrounds the role Sanchez plays in negotiations between Barcelona and Liverpool over the transfer of Uruguayan international Luis Suarez.
Barca are keen to include Sanchez as part of the deal for Suarez, reducing the cash outlay required to meet Liverpool's asking price for last season's Premier League top scorer.
But as noted, Sanchez is not sold on a move to Anfield, and is holding out for better offers.
Sanchez reportedly has a £135,000-a-week offer on the table from the Gunners, while United are yet to formalise their interest. But Liverpool's pitch is by far the most financially lucrative for the winger.
He currently earns £75,000-a-week at the Nou Camp, so stands to double his money should he complete a move to Anfield.