A reunion between Sanchez and his former Barcelona boss Pep Guardiola at City has always been touted, with the Premier League leaders reported to have tabled a £20million for the Arsenal star, who is out of contract at the end of the season.
Sanchez played for FC Barcelona from 2011 to 2014, before moving to Arsenal. "I have great admiration for great players, I think Alexis Sanchez is one of these players".
Arsenal reportedly asked Manchester United to include Anthony Martial in any deal to send Alexis Sanchez to Old Trafford during the January transfer window, according to David Woods of the Daily Star.
"Myself and the Manchester United board and owners, we don't believe a lot in the January market".
"Is he (Sanchez) replaceable in the way that we find exactly the same player?"
City also feel the player is determined to leave Arsenal come what may this month, so their stance could lead to him joining a rival club.
Lacazette has now gone nearly 10 hours without finding the back of the net for Arsenal
"I don't rule it out - at the back, in midfield or upfront", he said.
"Normally he would stay until the end of the season - but we'll see", said Gunners boss Arsene Wenger. I maintain what I've said many times.
"I'm focused on Liverpool, believe me".
Sanchez and playmaker Mesut Ozil are out of contract at the end of the season, leaving Arsenal potentially set to lose one or both of the key players cheaply this month or for free in June.
The latest reports in this breathless saga have Manchester City refusing to meet Arsenal's financial demands and preparing to walk away from any deal; they are unwilling to match the £35m demanded by Arsenal and instead want to pay £20m. "I don't think for the players it's a hard situation - probably they train the same way and it's not a dramatic change that isn't good in this period of the season".
While everyone excitedly awaits the next move in the ongoing Alexis Sanchez transfer saga, the Metro seem to think they have the scoop on the Chilean's destination, thanks to social media. The only word I can say is the what everyone says - he is a phenomenal player.