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Arsenal are pursuing Algerian winger Yacine Brahimi after missing to renew Sanchez’s contract.
The Arsenal forward is yet to sign a new deal at the Emirates and is apparently holding out for a bumper pay rise of around £250,000-a-week to commit his long-term future to the Gunners.
But with both parties yet to strike an agreement and Alexis Sanchez having just 18 months left on his contract, clubs in China are reportedly keen to swoop for the Chilean.
The Super League side Hebei China Fortune, has made no secret of his desire to sign Sanchez in the past and could offer him a mouth-watering £500,000-a-week wage packet.
Arsene Wenger has reportedly been alerted to the availability of Brahimi for Sanchez replacement
According to the Miror, Porto are prepared to sell the playmarker , but they will demand a fee of £40million.
It is claimed the Algeria international wants to leave Porto, and Arsenal are now weighing up a swoop for Brahimi.
The 26-year-old has also attracted the attention of the Gunners.