The likes of Manchester City, Paris Saint-Germain and Bayern Munich have been heavily linked with a move during the summer window and The Daily Star now indicates Pep Guardiola's side are ready to make history with a move.
Meanwhile, the Mirror claims that Alexis is anxious that Arsenal will block the move he wants - to Manchester City - despite the Blues being willing to trump Bayern Munich's offer with a £50 million bid.
Arsenal failed to agree a contract extension with the Gunners during the 2016-17 season to leave Sanchez's future up in the air with 12 months remaining on their current deal.
It has previously been claimed that the 28-year-old would prefer a switch to Pep Guardiola's team, rather than having to move away from England at Arsenal's request.
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The Citizens have already splashed out £78m this summer amid a reported £250m spending spree, but Sanchez may no longer be part of those overhaul plans as Arsenal dig their heels in over his sale to an English top flight rival.
Arsenal legend Ray Parlour has urged his former club to pay Alexis Sanchez whatever he wants. He has scored 72 goals for Arsenal in three years. Sanchez wants €23 million per season in wages, €8 million more than the Germans want to pay.
Ozil is now on holiday in the USA, while Sanchez has been on global duty with Chile.
Wenger would obviously prefer to see Sanchez move overseas, but Solabarrieta says the player wants to link up again with Pep Guardiola, having played under the Spaniard during their time together at Barcelona. He was one of the heroes of winning the FA Cup against Chelsea.