According to the fresh report just reaching NAIJ.com, Arsenal board are scared of losing the former Barcelona star for free when his contracts expires at the Emirates Stadium at the end of the ongoing season.
Sanchez has refused to commit his future to the Gunners as he almost joined rivals Manchester City during the last summer transfer.
The 28-year-old was said to be livid with the Gunners inability to finish among the top four teams last season in the Premier League.
Manchester City manager Pep Guardiola has identified Sanchez as the player the Citizens need in January, and has vowed to do all his best to bring him to the Etihad.
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