Alexis Sanchez linked with Manchester City, Juventus amid 'contract standoff'

Manchester City and Juventus are allegedly circling Arsenal star Alexis Sanchez amid reports of a "contract standoff" between the Chilean and the London club.

The striker has been in talks over a new Gunners deal since August, but the drawn-out negotiations have alerted City and Juve to a potential poaching opportunity, according to The Mirror.

Sanchez, who has one year remaining on his Arsenal contract, is said to be seeking a substantial increase on his £130,000-a week wages and is yet to reach an agreement over the exact amount.

Reports suggest that City and Juve are readying £50m bids for the forward, who will have the opportunity to leave the Gunners on a free transfer in 2018.