Wenger last week hinted that Sanchez's departure was very much a possibility this month by saying that the club has a track record of responding well to losing key players in the past.
However, City will be encouraged by Sanchez's omission from Arsenal's embarrassing FA Cup third-round exit at Nottingham Forest yesterday as it means he will not be Cup-tied for the latter stages. Arsene Wenger is determined to hang on to his top players in this window, but we know they're also keen to strengthen the squad.
In fact, the future of Alexis Sanchez can certainly be deemed a saga of its own.
Liverpool have plenty of money to spend in January, following the sale of Coutinho to Barcelona, but where they will invest the money remains to be seen.
The more likely scenario is that Man City will swoop for Alexis this month.
City's £60 million bid for Sanchez in August collapsed after Arsenal failed in a deadline day attempt to sign Monaco's Thomas Lemar as a replacement.
£25 million is a awful return for a player of Sanchez's calibre, even if he does have just six months left on his deal.
Lee added that City are "unwilling" to part with that amount, although according to James Olley of the Evening Standard, Arsenal want even more than the sum quoted, with a valuation of £40 million said to have been placed on Sanchez. The Premier League leaders have remained tight-lipped on them severity of Jesus' injury, with unconfirmed reports suggesting that the Brazilian striker is set to be tested for a potential ruptured cruciate ligament injury.