Alexis Sanchez Manchester City Deal off After Arsenal Accept Reported £60M Bid

Manchester City reportedly had a second offer accepted by Arsenal for Alexis Sanchez in their bid to secure his signature on transfer deadline day, though The Guardian's David Hytner said the deal will not happen.

According to The Mirror's Simon Mullock, Arsenal "agreed in principle" to a £60 million offer, but before going ahead with it, they were waiting to hear back from Monaco regarding their own £90 million bid for Thomas Lemar.

Sky Sports broke the initial news of the bid:

Per BBC Sport, the Sky Blues' first bid for Sanchez was £50 million.

Sky Sports' Kaveh Solhekol provided the details of the improved second bid, along with Arsenal's interest in Lemar:

"

Man City second bid for Alexis Sanchez is £55m plus £5m in add ons. We're also told Arsenal are back in for Thomas Lemar from Monaco

— Kaveh Solhekol (@SkyKaveh) August 31, 2017"

The French winger would have been a strong replacement for Sanchez after bagging 14 goals and 17 assists in all competitions last year.

Sky Sports earlier reported the Gunners would not be prepared to accept a cash-only offer for Sanchez on deadline day, but it appears that wasn't the case.