Manchester City’s pursuit of Alexis Sanchez appears to have hit a stumbling block, with the club apparently unwilling to match Arsenal’s valuation of the Chilean.

It’s claimed by Sky Sports that the Citizens have baulked at the Gunners’ hefty price tag for Sanchez, which is thought to be set at £35 million.

Arsenal are understood to have been offered £20m for the energetic front-man, but are demanding at least £15m more. Along with this, a total of £5m from agent fees and wages would lead to a deal for Sanchez being worth approximately £40m.

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City want to land the former Barcelona man, with Sanchez understood to be keen on reuniting with Pep Guardiola at the Etihad Stadium. However, it seems the league leaders will need to stump up the cash if they want to land Sanchez this month.

Guardiola’s side can, of course, secure Sanchez for free in the summer as his contract comes to an end. However, it seems they would like to land him this month in order to fend off other potential suitors, including Manchester United.

Sanchez has not been at his best this season but is still highly regarded at Arsenal and would be a big loss midway through the season.