Wage demands had reportedly been a huge sticking point for Sanchez, and Arsenal have now upped their offer from a previous one of £275,000 a week.
It would therefore appear that one more season with Arsenal and a free transfer next summer to the club of his choosing is now the most likely outcome for Sanchez. But do I feel sorry for Chelsea because they don't have enough players? No'. Even if that takes over £80m, PSG believe they can get him.
The Gunners famously failed to qualify for the Champions League last season, for the first time in 20 years under Arsene Wenger, and performed miserably against Bayern Munich during their own Champions League campaign too.
Highlights of Saturday's third round at the PGA Championship
Then he hit a root on a shot with an 8-iron and bent the club, meaning he couldn't use it when he needed it late in his round. Olesen picked up birdies on most of the same holes, and he finished with a 30-foot birdie that also sounded like an accident.
But the Gunners boss has also publicly stated he remains confident both Ozil and Sanchez will remain at Arsenal for the upcoming season.
The latest round of rumours have linked Sanchez, who has less than 12 months to run on his current contract at Arsenal, with an £80million move to Paris Saint-Germain.
After nearly 12 months of speculation surrounding Sanchez's future the end-game doesn't appear to be in sight.
When asked if Arsenal have received bids for Sanchez, Wenger replied: "I can not tell you that".
Portuguese attacker '90 per cent' certain to join Man Utd
Manchester United are close to signing Portugese second division striker Bruno Amorim, according to his club Oliveirense. The Belgium worldwide and the Serbian midfielder arrived at Old Trafford from Everton and Chelsea respectively.
"I felt that to lose tonight would have been awful for us because we had such good preparation and to sit there in the morning and think we had lost at home would have been bad", he said.
"I think if you read the French papers, they are on (Kylian) Mbappe's case to finish their transfer market".
'If you look at the number of players that are out on loan, they can call a few back, ' he said.
Wenger was asked about PSG's interest and said he had not spoken with the club's chairman Nasser Al-Khelaifi in "a long time" and he does not expect to hear from him.
Aggressive Federer cruises to semi-finals in Montreal
Now ranked third in the world, Roger played his first match on hardcourt in the build-up to the season leading to the U.S. Federer is seeking his 27th Masters 1000 title and his third Canadian Masters crown after wins in 2004 and 2006.