Arsenal reject Man City's £50m Alexis bid

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Arsenal have rejected a bid of £50 million from Manchester City for Alexis Sanchez, as per reports in Goal.com.

However, sources close to the City hierarchy have told Goal that they remain confident of signing Alexis before Thursday's transfer deadline.

City and Arsenal had opened talks over the Chilean, signalling a shift in stance from the Gunners, who had long insisted their forward is not for sale.

It is also understood that it is Arsenal who broached the idea of including Raheem Sterling in the deal, though City have no desire to sell the England international and are determined to complete a cash-only transfer.

City have been confident of signing him since April, and though they had been surprised by Arsene Wenger's stubbornness in recent weeks they now believe the end of the saga is in sight.

Alexis is with Chile ahead of their World Cup qualifiers against Paraguay and Bolivia but City are prepared to fly out reprentatives in a bid to conclude a transfer before the transfer window closes at 23:00 BST on Thursday.

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