But the Gunners look set to lose Sanchez, 28, to the German giants after the FA Cup final on Saturday.
Arsenal are set to lose Sanchez this summer after the Chilean failed to sign a new contract and now has a year left to runPA:Press Association
According to the Chilean publication El Mercurio, Sanchez could earn around £10m a year in Germany.
That’s despite the fact that Arsenal have reportedly put an offer of £250,000 a week on the table for him, which equates to £13m a year.
The move would make sense for Bayern, with Franck Ribery and Arjen Robben reaching the twilight years of their careers after a decade of stardom at the Allianz Arena.
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Bayern president Uli Hoeness said: "If there is a player that we really want, we have to spend more money than we have ever spent."
Some Arsenal fans might have through Sanchez had already signed for Bayern Munich, when reading the Chile squad announcement tweet for the Confederations Cup.
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