Man City baulk at Arsenal's £35m Alexis Sanchez valuation as Man Utd circle

Alexis Sanchez during the Carabao Cup Semi-Final First Leg match between Chelsea and Arsenal at Stamford Bridge
Image: Alexis Sanchez is wanted by Manchester City and Manchester United this month

Manchester City are not prepared to pay Arsenal's transfer fee demand for Alexis Sanchez, Sky Sports News understands.

It is understood Arsenal are demanding £35m for the Chile international, while agents are likely to receive another £5m on top, totalling a £40m deal before the player's potential wages are taken into account.

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The Premier League leaders are understood to be unwilling to go beyond a £20m fee for Sanchez, given there is a chance they could get him for nothing when his Gunners contract expires at the end of the season.

Manchester United's Portuguese manager Jose Mourinho (L) and Manchester City's Spanish manager Pep Guardiola (R) watch from the touchline during the Englis
Image: Jose Mourinho wants sign Sanchez for United ahead of Pep Guardiola and City

With Manchester United also interested, City are prepared to risk losing out on the player altogether.

City believe Sanchez is keen to join them and link up with manager Pep Guardiola for a second time, following their successful spell together at Barcelona.

Arsene Wenger acknowledges Arsenal will not let Sanchez leave until a replacement is signed

Sanchez is keen to leave Arsenal in the current window and Gunners boss Arsene Wenger appeared resigned to losing him in his pre-match news conference on Friday, ahead of Sunday's trip to Bournemouth.

But he said: "A bidding war is always beneficial to the club who can take advantage of it, but we are not in that.

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"It's not that I don't want to inform you. I don't want to give you wrong information. At the moment, nothing is decided one way or another.

"I maintain what I said. many times, that normally he should stay here until the end of the season, but we will see."

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