The Chilean ace – whose World Cup ended over the weekend with a penalty shootout loss to Brazil – is one of European football’s most sought after stars on the back of his fine showings in the showpiece tournament.
Arsenal and Liverpool have been the two English teams most heavily linked with the 25-year-old in recent weeks, with speculation suggesting that he’s both sides’ top target.
But Arsene Wenger has stolen the momentum from the Merseysiders by matching Barca’s £32m valuation.
Sanchez has already indicated that he would prefer life in London than the North West if he is made to leave the Camp Nou, which could give the Gunners a real edge.
But much depends on the outcome of Luis Suarez’s situation.
The Reds want Sanchez as part of a deal for the Uruguayan, with the Catalans unwilling to pay the £80m sum slapped on the controversial forward’s head.
The Spaniards are likely to attempt to push Sanchez towards Anfield in a bid to lower Suarez’s price to around £50m.