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Published 15:14 31 Aug 2017 BST
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The 28-year-old is out of contract in 12 months, which may explain why the fee seems to be below his value in the current market. According to reports, the transfer could depend on Arsenal's pursuit of Thomas Lemar from Monaco.
Arsene Wenger sees the 21-year-old as a replacement for Sanchez and will reportedly bid £90m for the player, who has also attracted interest from Liverpool.
https://twitter.com/TelegraphDucker/status/903239270332321792
If Arsenal can get the deal over the line before tonight's 11pm deadline they will sanction Sanchez's move to City.
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