Real Madrid have emerged as potential suitors for Sanchez with the player’s Arsenal contract expiring at the end of the season.

The Chile international nearly left the north London side in the summer after the Gunners agreed a fee with Manchester City.

However, the 29-year-old ended up stayng at the Emirates after Arsenal failed to prise Thomas Lemar away from Monaco.

And Spanish website Don Balon have now sensationally claimed Real Madrid are closing in on a deal to bring Sanchez to the Bernabeu.

It is said the Chilean wants to return to La Liga.

Sanchez spent three years in the division earlier in his career with Real’s fierce rivals Barcelona.

And, though he left for Arsenal in 2014 in order to gain first-team football elsewhere, the forward supposedly still feels he has unfinished business in the top flight.

Don Balon report that Sanchez is determined to join Real Madrid in news that will rankle with Pep Guardiola over at Manchester City.

He has supposedly been pressuring his agent to get a deal done and Real are ready to grant him his wish by launching a bid next month.

However, despite being close to a deal, any transfer decision lies with Zinedine Zidane.

Club president Florentino Perez is a huge admirer of Sanchez and thinks he could be the key to rejuvenating their faltering attack.

Yet whether Zidane thinks the same remains to be seen.

Sanchez has recently returned to form for Arsenal with his brace inspiring a 3-2 victory over Crystal Palace last night.