Manchester City are prepared to risk losing Alexis Sanchez rather than pay what Arsenal are looking to receive for the Chilean, who’s out of contract in the summer.

It’s understood Arsenal are demanding £35m for Sanchez, while agents are likely to receive another £5m on top of that, adding up to a £40m deal before wages are even discussed.

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Manchester United was reported to have launch a bid of £25 million in addition to a player for Sanchez.