Arsenal are one point outside the top four with a single game remaining and must win against Everton on Sunday to keep their European hopes alive.
However, Liverpool face a much easier task against relegated Middlesbrough, while Manchester City have virtually booked their place in the elite continental competition already.
It means Arsenal’s chances of getting Sanchez to sign a new contract are slimPA:Press AssociationSanchez is believed to be a target for numerous big clubsAP:Associated Press
And it means that Sanchez is likely to snub an offer from Arsenal should they finish in fifth, with the PFA Player of the Year nominee also demanding wages worth £300,000-a-week.
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The attacker is also looking to be paid £300,000-a-week wagesReutersAntonio Contes Chelsea are alleged to be favouritesGetty Images
However, Chelsea are believed to be favourites for Sanchez’s signature after storming to the Premier League title.
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