Alexis Sanchez’s future now appears to hang on the success of Arsenal’s £92million pursuit of Monaco winger Thomas Lemar.

Manchester City have made an improved offer for Sanchez in the region of £60m and are hopeful of pulling off a deal before tonight’s 11pm deadline.

However, the Gunners are reluctant to sell unless they can bring a player of similar stature to the club and have spent the day scouring Europe for a replacement.

Arsenal made tentative enquiries about Paris Saint-Germain’s Julian Draxler and – somewhat surprisingly – Everton’s Ross Barkley, but manager Arsene Wenger’s first-choice option has always been Lemar.

​Wenger told Standard Sport last week that a deal to sign Lemar was “dead” because Monaco has already sold several of the squad which won Ligue 1 last season.

Arsenal had offers rejected below £50m earlier this summer before Liverpool further tested Monaco’s stance by making bids which reached £60m.

However, Arsenal have opted for a staggering increase on their original package and are now in a race against time to secure a deal with both Monaco and Lemar.

Should they fail to do so, Arsenal could turn to one of their back-up alternatives but more likely Sanchez may have to see out the final year of his contract at a club he wants to leave.