Arsenal are open to selling Alexis Sanchez in January. (Getty Images)

Arsenal have decided to sell Alexis Sanchez in the January transfer window, according to reports in France.

The Chile international was close to joining Manchester City on deadline day in a £60 million deal before Arsenal pulled the plug on the move as they were unable to sign a replacement in time.

Le Parisien now claims that Arsenal are ready to offload the 28-year-old in the upcoming window in order to receive a transfer fee, rather than allowing the forward to leave for free at the end of the season when his contract expires.

City are expected to submit a revised offer but Le Parisien reports that Paris Saint-Germain have also retained their interest from the summer.

Sanchez nearly joined Manchester City this summer. (AMA/Getty Images)

The Ligue 1 leaders had held talks with Sanchez, while Neymar also wanted the Arsenal forward to join him at the club after his arrival from Barcelona for a world-record fee.

PSG are also planning to make room for Sanchez’s arrival by selling Edinson Cavani.

The Uruguayan has already scored 11 goals in all competitions this season but his turbulent relationship with Neymar has meant that the French club are open to offers.

Cavani’s departure would also allow Kylian Mbappe to play through the middle in attack, the position in which he thrived at Monaco.

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