Manchester City are preparing a big-money offer for Arsenal striker Alexis Sanchez, according to the Telegraph.

The English newspaper claims the Citizens will try to tempt Arsenal with a bid of around £60 million (N28.3B) before the end of this month as they have not given up on signing him.

The Chile international has less than twelve months before his contract with Arsenal expires and and has yet to commit his future to the club despite being offered a new deal.

Several high-level clubs including Paris Saint-Germain, Real Madrid and Chelsea are interested in signing Sanchez.

The former Barcelona star will pocket £400,000 a week, including bonuses and image rights, if Arsenal agree to do business with Manchester City.

Ifeanyi Emmanuel

Photo Credit : Twitter.com/Alexis_Sanchez