Arsenal are set to make Marco Reus their replacement for Alexis Sanchez if the Chilean decides to reject a new deal at the Emirates.

The Daily Mail reports that the Gunners are keeping tabs on the German forward while contract negotiations with Sanchez continue to stall and could make a move for him should they collapse altogether.

Sanchez has been offered a huge £400,000-a-week deal to join the Chinese Super League and might be tempted into moving to the Far East should Arsenal fail to put up a competitive offer to keep him at the Emirates.

Reports suggest that the Gunners have offered Sanchez £180,000-a-week which isn’t even half of what Sanchez has been offered to play in China.

Arsenal are desperate to keep their star man, who has scored 14 goals in 24 appearances in all competitions this season, and may have to break the strict wage structure that is in place at the club to keep him.

However, wise to fickle nature of contract negotiations, Arsene Wenger is already looking at Reus as his top candidate to replace Sanchez.

And, the Arsenal boss is prepared to offer Reus a big pay rise to prize him away from his boyhood club.

The German has netted 50 goals in 98 games for Dortmund since joining the club from Borussia Mochengladbach in 2012 and has also been a target for Bayern Munich in recent seasons.

Although Reus is under contract until 2019, Wenger is hoping the lure of Premier League and Arsenal’s large German influence on their current squad would be enough to land Reus in the outcome of Sanchez’s departure.

Marcos Reus has been linked to the Gunners as a replacement for Alexis Sanchez (Getty)

Alex-Oxlade Chamberlain has become a target of Arsenal’s title rivals, Liverpool, as the England international struggles to nail down as first team place at the Emirates.

According to The Guardian, Jurgen Klopp is an admirer of the all-action midfielder and sees him as a potential asset to Liverpool’s title charge going into the second half of the season.

However, there has been no love lost between the two clubs in recent years so the possibility of a deal materialising could become incredibly tricky.

The feud started in 2013 when the Gunners bid £40m plus £1 for Luis Suarez which was just enough to break the release clause in his contract at the time.

Liverpool were furious with the cheeky offer for the forward and relations are evidently still uneasy after the Reds put an ‘anti-Arsenal clause’ in Roberto Firmino’s new contract at Anfield.

In spite of this, Klopp seems keen to hone in on Chamberlain’s potential and build on the progress he has made with more first team action this season.

Arsenal vs West Brom player ratings Show all 22 1 /22 Arsenal vs West Brom player ratings Arsenal vs West Brom player ratings Petr Cech - 7 out of 10 LONDON, ENGLAND - SEPTEMBER 25: Jay Rodriguez of West Bromwich Albion shoots past Petr Cech of Arsenal during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Michael Steele/Getty Images) Getty Images Arsenal vs West Brom player ratings Laurent Koscielny - 7 LONDON, ENGLAND - SEPTEMBER 25: Laurent Koscielny of Arsenal is faced by Hal Robson-Kanu and Kieran Gibbs of West Bromwich Albion during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Mike Hewitt/Getty Images) Getty Images Arsenal vs West Brom player ratings Shkodran Mustafi - 7 LONDON, ENGLAND - SEPTEMBER 25: Hal Robson-Kanu of West Bromwich Albion and Shkodran Mustafi of Arsenal battle for the ball during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Michael Steele/Getty Images) Getty Images Arsenal vs West Brom player ratings Nacho Monreal - 8 LONDON, ENGLAND - SEPTEMBER 25: Nacho Monreal of Arsenal clears the ball from the goal line during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Michael Steele/Getty Images) Getty Images Arsenal vs West Brom player ratings Hector Bellerin - 7 LONDON, ENGLAND - SEPTEMBER 25: Tony Pulis, Manager of West Bromwich Albion shouts as Hector Bellerin of Arsenal take a throw in during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Mike Hewitt/Getty Images) Getty Images Arsenal vs West Brom player ratings Mohamed Elneny - 6 West Bromwich Albion's English midfielder Gareth Barry (L) vies with Arsenal's Egyptian midfielder Mohamed Elneny during the English Premier League football match between Arsenal and West Bromwich Albion at the Emirates Stadium in London on September 25, 2017. / AFP PHOTO / Ian KINGTON / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 75 images, no video emulation. No use in betting, games or single club/league/player publications. / (Photo credit should read IAN KINGTON/AFP/Getty Images) AFP/Getty Images Arsenal vs West Brom player ratings Granit Xhaka - 6 LONDON, ENGLAND - SEPTEMBER 17: Granit Xhaka of Arsenal during the Premier League match between Chelsea and Arsenal at Stamford Bridge on September 17, 2017 in London, England. (Photo by David Price/Arsenal FC via Getty Images) Arsenal FC via Getty Images Arsenal vs West Brom player ratings Sead Kolasinac - 7 LONDON, ENGLAND - SEPTEMBER 14: Sead Kolasinac of Arsenal controls the ball during the UEFA Europa League group H match between Arsenal FC and 1. FC Koeln at Emirates Stadium on September 14, 2017 in London, United Kingdom. (Photo by Dan Mullan/Getty Images) Getty Images Arsenal vs West Brom player ratings Aaron Ramsey - 7 LONDON, ENGLAND - SEPTEMBER 25: Aaron Ramsey of Arsenal is challenged by goalkeeper Ben Foster of West Bromwich Albion during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Mike Hewitt/Getty Images) Getty Images Arsenal vs West Brom player ratings Alexis Sanchez - 8 Arsenal's Chilean striker Alexis Sanchez reacts during the English Premier League football match between Arsenal and West Bromwich Albion at the Emirates Stadium in London on September 25, 2017. / AFP PHOTO / Ian KINGTON / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 75 images, no video emulation. No use in betting, games or single club/league/player publications. / (Photo credit should read IAN KINGTON/AFP/Getty Images) AFP/Getty Images Arsenal vs West Brom player ratings Alexandre Lacazette - 9 LONDON, ENGLAND - SEPTEMBER 25: Alexandre Lacazette of Arsenal heads past Ben Foster of West Bromwich Albion as he scores their first goal during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Mike Hewitt/Getty Images) Getty Images Arsenal vs West Brom player ratings Ben Foster - 6 LONDON, ENGLAND - SEPTEMBER 25: Aaron Ramsey of Arsenal is challenged by goalkeeper Ben Foster of West Bromwich Albion during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Mike Hewitt/Getty Images) Getty Images Arsenal vs West Brom player ratings Craig Dawson - 5 BURTON-UPON-TRENT, ENGLAND - JULY 26: Craig Dawson of West Bromwich Albion looks on during the pre season friendly match between Burton Albion and West Bromwich Albion at Pirelli Stadium on July 26, 2017 in Burton-upon-Trent, England. (Photo by Nathan Stirk/Getty Images) Getty Images Arsenal vs West Brom player ratings Ahmed El-Sayed Hegazi - 7 LONDON, ENGLAND - SEPTEMBER 25: Alexis Sanchez of Arsenal and Ahmed El-Sayed Hegazi of West Bromwich Albion chase the ball during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Mike Hewitt/Getty Images) Getty Images Arsenal vs West Brom player ratings Jonny Evans - 6 LONDON, ENGLAND - SEPTEMBER 25: Nacho Monreal of Arsenal takes on Jonny Evans of West Bromwich Albion during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Mike Hewitt/Getty Images) Getty Images Arsenal vs West Brom player ratings Allan Nyom - 5 BURTON-UPON-TRENT, ENGLAND - JULY 26: Allan Nyom of West Bromwich Albion looks on during the pre season friendly match between Burton Albion and West Bromwich Albion at Pirelli Stadium on July 26, 2017 in Burton-upon-Trent, England. (Photo by Nathan Stirk/Getty Images) Getty Images Arsenal vs West Brom player ratings Jake Livermore - 6 West Bromwich Albion's English midfielder Jake Livermore (L) vies with Arsenal's Chilean striker Alexis Sanchez during the English Premier League football match between Arsenal and West Bromwich Albion at the Emirates Stadium in London on September 25, 2017. / AFP PHOTO / Ian KINGTON / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 75 images, no video emulation. No use in betting, games or single club/league/player publications. / (Photo credit should read IAN KINGTON/AFP/Getty Images) AFP/Getty Images Arsenal vs West Brom player ratings Grzegorz Krychowiak - 7 LONDON, ENGLAND - SEPTEMBER 25: Grzegorz Krychowiak of West Bromwich Albion is chased by Laurent Koscielny of Arsenal during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Michael Steele/Getty Images) Getty Images Arsenal vs West Brom player ratings Gareth Barry - 6 LONDON, ENGLAND - SEPTEMBER 25: Gareth Barry of West Bromwich Albion is faced by Mohamed Elneny of Arsenal during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. Gareth Barry is making a record 633rd Premier League appearance. (Photo by Michael Steele/Getty Images) Getty Images Arsenal vs West Brom player ratings Kieran Gibbs - 7 LONDON, ENGLAND - SEPTEMBER 25: Kieran Gibbs of West Bromwich Albion beats Hector Bellerin of Arsenal during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Michael Steele/Getty Images) Getty Images Arsenal vs West Brom player ratings Jay Rodriguez - 6 LONDON, ENGLAND - SEPTEMBER 25: Jay Rodriguez of West Bromwich Albion shoots past Petr Cech of Arsenal during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Michael Steele/Getty Images) Getty Images Arsenal vs West Brom player ratings Hal Robson-Kanu - 6 LONDON, ENGLAND - SEPTEMBER 25: Hal Robson-Kanu of West Bromwich Albion and Shkodran Mustafi of Arsenal battle for the ball during the Premier League match between Arsenal and West Bromwich Albion at Emirates Stadium on September 25, 2017 in London, England. (Photo by Michael Steele/Getty Images) Getty Images

Carl Jenkinson will be allowed to leave on loan again in January as a whole host of Premier League clubs have already expressed interest in the young defender.

The Daily Mirror believe that Watford have joined Hull City, Swansea City, West Ham and Championship club, Aston Villa, as keen admirers for the flying full-back who has only just returned from a two-year loan spell with the Hammers.

First team football has been hard to come by for Jenkinson who has struggled to break into the first team thanks largely to the emergence of Hector Bellerin.

However, Wenger is a fan of Jenkinson’s and is unlikely to let him go on a permanent deal in January, opening the door for the former England Under-21 international to leave the club on another loan deal.