Arsenal ready to complete £40m transfer deal for 29-year-old attacker

  • Arsenal ready to complete £40m transfer deal for 29-year-old attacker

Arsenal ready to complete £40m transfer deal for 29-year-old attacker

Lee added that City are "unwilling" to part with that amount, although according to James Olley of the Evening Standard, Arsenal want even more than the sum quoted, with a valuation of £40 million said to have been placed on Sanchez.

Sanchez is out of contract at Arsenal this summer and is highly unlikely to agree a new deal, meaning he could leave for free at the end of the season.

However, Pep Guardiola wants Sanchez in January after Gabriel Jesus was ruled out for two months and Sanchez is prepared to waive his signing-on fee to seal his move to the Etihad in the next three weeks.

West Ham and Crystal Palace among the club's interested in the Frenchman.

The Gunners will demand £40 million if City try and steal away their prized asset and while City believe Sanchez would join them in the summer and would prefer to pay less, they proved last August they aren't afraid to pay big to get their man early.

For Arsenal, the position is unenviable.

The 28-year-old has been in prolific form this season scoring 13 goals and providing three assists in just 15 Bundesliga appearances this season, and scored a further four goals in the UEFA Champions League group stage in a group which featured Tottenham and Real Madrid.

It comes as a major boost to City, as it means he will not be cup-tied for the later rounds. The Premier League leaders have remained tight-lipped on them severity of Jesus' injury, with unconfirmed reports suggesting that the Brazilian striker is set to be tested for a potential ruptured cruciate ligament injury.

While it's likely to drag on, you sense both sides will eventually reach a compromise in this window.