Arsenal will demand at least £50million for Alexis Sanchez if the forward rejects a contract extension.
According to the Evening Standard, the Gunners are remaining confident of getting the 28-year-old to pen a new deal, despite manager Arsene Wenger last week confirming that talks had been stalled until the summer.
Sanchez has netted 23 goals in all competitions this term but has become frustrated in the last month or two as his own efforts look unlikely to be celebrated with trophies at the end of the campaign.
Arsenal were too far behind for the Premier League title race in February following a defeat to rivals Chelsea and were thrashed in the last-16 stage of the Champions League, losing 10-2 on aggregate against Bundesliga champions Bayern Munich.
The Chile international was then dropped from the starting line-up for the recent loss against Liverpool, one of Arsenal’s four defeats in their last five Premier League games, which rumoured to be because of a row with Frenchman Wenger.
If Sanchez does not sign a contract extension at the Emirates Stadium, Arsenal are poised to start a bidding auction with the likes of Chelsea, Manchester City, Bayern Munich and Juventus all linked with the former Barcelona star.
By Drew Darbyshire (@DarbySports)