Michael Owen: I can't see why Sanchez would stay at Arsenal
Sanchez, 28, has less than ten months remaining on his current contract at Arsenal.
Express Sport understands he has already rejected a £300,000-a-week offer to remain at the Emirates as he wants closer to £400,000-a-week.
Arsene Wenger is determined to keep his prized asset and avoid losing him on a free transfer next summer.
But Goal claim any chance of him remaining at Arsenal have been shattered.
It is said talks over a contract extension have come to a complete standstill as the player the Chile international has made it clear he has no intention of signing a fresh terms.
Alexis Sanchez has made it clear that he has no intention of signing a new deal at Arsenal
This will come as a major blow to Arsenal, who are also at risk of losing Mesut Ozil by the end of this season too.
Alexis Sanchez will be able to hold pre-contract talks with a rival club in January.
Manchester City are expected to come back in for him after failing to land the forward on transfer deadline day.
City did come close to securing his signature after having a bid totalling £60million accepted by Arsenal.
But the Gunners pulled the plug on the deal after they failed to land a replacement in time.
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Alexis Sanchez has made it clear he does not want to stay at Arsenal
Paris Saint-Germain are also apparently interested in signing Sanchez, and they are hoping Neymar will help them lure him to the Parc des Princes.
However, Goal say City remain the favourites to sign him.
Both City and PSG will also have no problems with meeting his £400,000-a-week wage demands.
Sanchez is currently on international duty with Chile and he helped them secure a 2-1 victory in their World Cup qualifier against Ecuador last night.
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