Manchester City are prepared to risk missing out on Alexis Sanchez ‑ possibly to Manchester United ‑ rather than pay Arsenal's £35m asking price.
It is also understood Sanchez's agent wants £5m for his part in the deal, taking the overall tally to £40m ‑ double what City are willing to pay.
29-year-old Sanchez will leave Arsenal this month if a suitable offer arrives and a replacement is secured.
Meanwhile, Manchester City will take on Liverpool at 4am Monday in the English Premier League.
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