Arsenal will reportedly only sell Alexis Sanchez to Manchester City, if they can land Paris Saint-Germain star Julian Draxler as his replacement.
Arsenal are also reportedly still interested in Thomas Lemar and Riyad Mahrez, as they desperately seek to find a potential replacement for the Chilean.
Luring Draxler away from PSG may prove difficult, the German only arrived in January although the subsequent arrival of Neymar will have increased the competition for places.
The French club are also believed to need to sell players in this window to order to meet Financial Fair Play regulations, with the club also expected to bring in Kylian Mbappe from Monaco.
Arsene Wenger has previously described a move for Lemar as “dead” but that not appear to be preventing speculation on deadline day, while Mahrez has been released from international duty with Algeria to “finalise a move”.
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It certainly promises to be end to the transfer window with the future of Sanchez still very much uncertain, even at this late stage.
The Gunners are also leaving themselves very little time to bring in another player, and any arrival is likely to go right to wire.