Manchester City have almost found an agreement with Arsenal for forward Alexis Sanchez, reports Chilean journalist Maks Cardenas.

City have made a bid of £20million to Arsenal for Sanchez, but the Gunners are holding out for their £35million valuation. Sanchez was controversially dropped from their FA Cup squad today in fear he would become cup-tied and decrease further in value.

To counter that argument, Sanchez could have been left out by Arsene Wenger with one eye on the club’s Carabao Cup semi-final clash with Chelsea on Wednesday. Nonetheless, City were reported to have submitted a bid for Sanchez this weekend, according to Simon Mullock.

An agreement between the two clubs is believed to be closer than ever with a compromise is expected to be reached between the two clubs this month, as Arsenal want to obtain a fee for Sanchez who is a free agent in six months time.

City are willing to wait until June to sign Sanchez, but Gabriel Jesus’ injury has seemingly changed the club’s plans to strengthen in forward areas this January.

City are aiming to compete for four trophies this season, and Sanchez is still eligible to play in the Champions League and FA Cup.

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