That's according to The Sunday Express who reckon PSG are lining up a raid for the unsettled Gunners star.
Sanchez, 28, is set to return to training today having been given extra time to recuperate following the Confederations Cup.
However, that has been thrown into doubt after the Chile international suggested he was suffering with flu on social media.
Arsenal have insisted Sanchez is not for sale.
Speaking earlier this month, Arsene Wenger said: "The decision has been made and we will stick to that.
"The decision is not to sell [Sanchez]."
Sanchez, who is entering the final year of his contract, is set for showdown talks with Wenger.
And The Express say he will will inform the Frenchman that he wants to leave north London.
It's suggested the Premier League heavyweights will rule out any transfer to a Premier League rival.
Sanchez wants a move to Manchester City - but that doesn't look likely.
The Express reckon Arsenal could demand around £50m if PSG come calling.
