Alexis Sanchez could be allowed to leave for £50million this summerPA:Press Association
Sanchez’s representatives want to double his £130,000-a-week pay packet to bring his wages in line with the likes of Zlatan Ibrahimovic, Paul Pogba and Sergio Aguero.
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Sanchez and Ozil have under 15 months left on their current deals and the Gunners are prepared to risk allowing £75million of investment leave for nothing.
Sanchez and Mesut Ozil have under 15 months left on their Gunners contractsGetty ImagesSanchez is understood to be after a £260,000-a-week dealGetty Images
But the Standard report the Gunners DO have a price in mind for the Chilean forward if they can't persuade him to pen a fresh deal - and it is £17m more than the £33m the Gunners stumped up to Barcelona.
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Bayern Munich, Chelsea, Manchester City, Manchester United and Juventus are also keeping tabs on the situation.
Sanchez's frustrations have come to the boil in recent weeks and a training ground row led to him being dropped to the bench for the 3-1 defeat to Liverpool at the start of March.
Arsene Wenger's future is in doubt along with Sanchez and OzilPA:Press AssociationSanchez appeared frustrated as Chile lost to Argentina on ThursdayGetty Images
Speaking about Sanchez and Ozil's contract situation last week, Wenger said: "At the moment we have not got an agreement.
"We have decided to focus on the end of the season and talk about it in the summer.
"It is the same situation with Ozil because once you don’t find an agreement and it (the negotiation) lasts, it is not good so it is better you get it out and sit down in the summer."
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