Pep Guardiola has a long-standing interest in bringing the Chilean international to the Eithad, after the pair worked together at Barcelona.
However, with the club failing to get a deal for Sanchez over the line last summer, all eyes have been on City this month to see if another bid was forthcoming.
It’s understood City are understandably reluctant to offer more than £20 million for a player in January, who could easily swap clubs at the end of the season for free.
Although, with United equally keen to bring in Sanchez, La Liga expert Balague believes City could pay the price for their refusal to front the cash this month:
On Sanchez. After both Manchester clubs made offer, all up to Arsenal and player. Right now, City don’t want to offer more than £20 and are convinced player wants to be with Pep, so will wait to the summer otherwise. Risky strategy if United offer huge figures to both club/player pic.twitter.com/3MnMF9GBO6
— Guillem Balague (@GuillemBalague) January 11, 2018
Despite the speculation surrounding Sanchez’s future and his potential suitors, Wenger remains adamant that he wants the 29-year-old to extend his stay in north London.