Manchester City have taken the lead to sign the Chilean international at the end of the current League season for a reported sum of £50 million.
According to the report, Alexis Sanchez has been convinced for a move to the Etihad stadium as the 28-year-old wants to have a reunion with his former boss at Barcelona Pep Guardiola.
A move to Manchester City will come as a surprise for many Arsenal faithfuls who are expecting and hoping that Sanchez would sign another deal with the Gunners.
Recently, Alexis Sanchez claimed he would be glad to make a move to a London based team with many believing that he would sign for Premier League leaders Chelsea. Chelsea are reportedly interested in him with manager Antonio Conte identifying Sanchez as a good player that can help the Blues next term in the Champions League.