Arsenal are reportedly open to agreeing a contract with Paris Saint-Germain for the transfer of Alexis Sanchez.

It is understood that the North London side are set to let the Chilean leave before the end of the campaign if Julian Draxler is involved in the transfer.

Manchester City was linked with a deadline-day swoop for the Chilean in the summer. However, they failed to get a reported £70m deal over the line.

Now, as reported by the Daily Star, PSG are ready to move in the winter window and could offer Draxler to the North Londoners to comply with Financial Fair Play laws.

The French side smashed the world record by spending close to £200m for Brazilian ace Neymar from Barcelona in the summer, and will also reportedly pay more than £100m for Kylian Mbappe when his loan at Parc des Princes ends at the conclusion of the campaign.

Sanchez is free to leave The Gunners for nothing next summer.

Meanwhile, Another Arsenal contract rebel Mesut Ozil could join Man United next summer.