The Daily Mail claim that Arsenal are willing to make Alexis Sanchez the Premier League’s highest-paid player in order to retain his services, offering him a staggering £300,000 per week contract.
Sanchez, 28, is in the final year of his Arsenal contract and has thus far refused to sign an extension.
The Chile international remains a viable transfer target for Paris Saint-Germain, who have used this transfer window to remind the footballing world of the financial power they have at their disposal, signing Brazilian superstar Neymar from Barcelona in a record-shattering transfer.
A move to Manchester City remains an alternative route, though The Gunners are extremely hesitant to sell to a domestic rival.
Arsenal commence their 2017/18 Premier League campaign with a visit from Leicester City, but Alexis Sanchez will watch from the sidelines after sustaining an abdominal injury.