Alexis Sanchez could be about to spark a £50million bidding war between Manchester City and Juventus if he is unable to agree a new deal with Arsenal, according to the Daily Mirror.
The Chilean playmaker has been in talks with the Gunners over a new deal since August, but the report claims that he is keen to see a substantial rise on his already lucrative £130,000-per-week wages.
And the 27-year-old will have just a year remaining on his current deal at the end of the season, with Arsenal keen to tie him down for three more.
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Talks between the two have been going on since the summer, and the Chilean is aware that the next deal he signs will be the biggest of his career and he is said to want that reflected in his wage packet.
But he is yet to agree to new terms in north London, and the delay is said to be alerting both Manchester City and Juventus, who are keeping a close watch on how the situation develops.
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The Mirror state that the two Champions League clubs know Arsenal will be pushed into selling Sanchez over the summer if they cannot convince him to put pen-to-paper on a new agreement or risk losing him for nothing the following year.
Juventus apparently wanted Sanchez when he was at Udinese, but the player decided to join Barcelona instead, while City have a history in taking players from Arsenal with the likes of Samir Nasri, Gael Clichy and Bacary Sagna all heading up to Manchester in recent years.
The form of his life
Sanchez has begun the season in fine form, finding a huge freedom in a free role through the middle of the park, where he has kept Gunners striker Olivier Giroud largely restricted to the bench.
So far he has managed to chalk up six goals in his 11 appearances for the club, creating 24 chances for his teammates in the process, and with talks with Mesut Ozil already underway, Arsenal are keen to tie them both down to new deals sooner rather than later.
The Chilean has been instrumental to Arsenal's plans since his arrival back in 2014, notching up an impressive tally of 50 goals in 107 appearances, helping them to retain the FA Cup in his debut season.
However, Arsenal will also be sweating on his fitness as he suffered a minor injury concern while away on international duty last week. But he has since returned to training and Arsene Wenger will be hoping that he can make it through Chile's meeting with Uruguay unscathed.