Arsenal have offered Alexis Sanchez a new contract worth £300,000 per week.

The striker's current deal runs out at the end of the season and he has refused to sign an extension. Arsenal's previously offered £225,000, with bonuses that could have bumped up his pay to £275,000 a week.

But Sanchez made it clear he wants upwards of £300,000 before even considering agreeing fresh terms and it remains to be seen whether the new offer will be enough.

Arsenal have offered Alexis Sanchez a bumper new contract worth £300,000 per week

Sanchez and Mesut Ozil (right) are among the Gunners players out of contract next summer

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Manchester City and Paris Saint-Germain would like to sign the Chile forward, but Arsene Wenger is growing increasingly confident he will stay. The manager refuses to entertain any offers for him, despite the threat of losing him for nothing next summer.

The 28-year-old will miss Friday night's Premier League opener against Leicester and next weekend's match at Stoke with an abdominal injury.

Mesut Ozil and Aaron Ramsey, who missed the Community Shield on Sunday with injuries, both trained on Thursday but may not be ready to line up on Friday.

Ozil and fellow midfielder Alex Oxlade-Chamberlain are also out of contract at the end of the season, and offers of more than £50m for either of them or Sanchez would test Wenger's resolve to keep hold of them.

The 28-year-old Sanchez turned down Arsenal's last offer but could consider the new terms

Sanchez is likely to be in the stands alongside Aaron Ramsey for the game against Leicester

Arsenal rejected a £25m bid from Chelsea for Oxlade-Chamberlain this week, but Stamford Bridge boss Antonio Conte is determined to strengthen his squad before the transfer deadline.

The champions named youngsters Kyle Scott, Jeremie Boga and Charly Musonda as substitutes for the Community Shield loss to the Gunners, highlighting the lack of depth in their squad.

However, Chelsea have loaned out over 20 players this summer and sold Nemanja Matic, Nathan Ake, Nathaniel Chalobah and Bertrand Traore.

And Wenger admitted he doesn't feel sorry for his opposite number.

'If you look at the number of players that are out on loan, they can call a few back,' he said. 'I have sympathy for him. But do I feel sorry for Chelsea because they don't have enough players? No.'