Arsenal set Sanchez price at £40m for Man City

City were set to wait it out and take Sanchez from the Gunners on a free in the summer

The two clubs are now locked in negotiations.

Manchester City are reportedly confident that they will be able to sign Arsenal's Alexis Sanchez for just £25 million in the coming weeks (via The Metro).

Arsenal boss Arsene Wenger has been steadfast in his desire to keep hold of Sanchez despite the uncertainty surrounding his contract situation, but sources have told ESPN FC that the Frenchman has softened his stance and could now be prepared to sell the 29-year-old for the right price.

City now lead the league by 15 points over their eternal rivals Manchester United, and the addition of Sanchez to their already stacked squad would make them an even more frightening prospect. It appears nearly certain they will be losing the forward, and if he does stay beyond the current window, they'd receive no transfer fee for Sanchez at the end of the season.

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.

The injury to Gabriel Jesus is thought to have had an impact.

It comes as a major boost to City, as it means he will not be cup-tied for the later rounds. Monaco midfielder Thomas Lemar has been heavily linked, but the French club have stated that he is not for sale.

Arsenal's Shkodran Mustafi is reluctant to be drawn into a debate regarding the futures of "top class players" Alexis Sanchez and Mesut Ozil.

"This club has lost many, many big players and has always responded well".

Episode 44 of The Hard Yards rugby podcast features an interview with Leinster & Ireland's Joey Carbery, while James Downey joins us in studio.

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