The battle for the services of Alexis Sanchez is set to heat up now that Chile's World Cup campaign is over.

The South American side were impressive at the tournament, escaping from Group B thanks to wins over Australia and defending champions Spain, before exiting only after taking hosts Brazil all the way to penalties.

Sanchez played a key role in which he scored against Australia and at the Mineirao Stadium in Belo Horizonte last night. His performances have only increased speculation over his future.

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Among those linked with the player are Premier League duo Liverpool and Arsenal.

Shape Created with Sketch. Brazil 1 Chile 1 (Brazil win 3-2 on penalties) player ratings Show all 22 left Created with Sketch. right Created with Sketch. Shape Created with Sketch. Brazil 1 Chile 1 (Brazil win 3-2 on penalties) player ratings 1/22 Julio Cesar Had precious little to do in the first half but stood up firm when challenged more often in the second period. Made an emphatic save from Charles Aranguiz after 64 minutes. Made several great saves in the shoot-out! 7 Getty Images 2/22 Dani Alves Was regularly berated by Luis Felipe Scolari for failing to track back after losing possession. Was tricky to deal with upfront but poor at the back. 6 Getty Images 3/22 Marcelo Like Dani Alves, Marcelo was more of an attacking threat that a beacon of defensive solidity. 6 Getty Images 4/22 Thiago Silva Was typically emphatic in the air but struggled to make an impact going forward. The obvious, but only exception, was his flick onto David Luiz for the PSG-bound defender’s early goal. 7 Getty Images 5/22 David Luiz The most passionate man on the pitch, David Luiz wore his heart on his sleeve. Occasionally getting too wrapped up in his emptions, though, he’ll need to control his temperament in future. 6 Getty Images 6/22 Fernandinho Taken off towards the end, this was a decent if unremarkable display from the Manchester City ace. 6 Getty Images 7/22 Luiz Gustavo Does the unglamorous job of mopping up after his teammates' mistakes but, with their relaxed attitude to keeping possession, this is an invaluable role. 7 Getty Images 8/22 Hulk A constant menace throughout, gliding through the Chilean defence with relative ease, but will perhaps only be remembered for the poor pass which lead to Alexis Sanchez’s equaliser. 6.5 Getty Images 9/22 Oscar Had a quiet afternoon and, with his reputation climbing an ever steepening gradient, the Chelsea man will have expected to do more today. 6 Getty Images 10/22 Neymar Carried a nation’s hopes on his shoulders with relative ease. Worried the Brazilian faithful with an early injury but kept running until the very end. 7 Getty Images 11/22 Fred Ineffectual for large periods, like he has been for much of this World Cup, Fred showed little desire to make chances out of nothing. Expected his teammates to do the work. 5 Getty Images 12/22 Claudio Bravo Will have been expecting a far busier afternoon but, thanks to his defence, was well protected all game long. 6.5 Getty images 13/22 Eugenio Mena Despite being foolishly booked in the early exchanges, earning himself a one game ban, Eugenio Mena was a rock at the heart of the Chilean defence. Heading every ball, blocking every shot and tackling any Brazilian which dared stray too close – this was a masterful defensive display. 8 Getty images 14/22 Gonzalo Jara A thoroughly impressive shift at the back of Chile’s system. While many question his inclusion in their squad, Gonzalo Jara continues to prove his doubters wrong. 7 Getty images 15/22 Gary Medel Nicknamed the ‘Pitbull’, Cardiff City’s midfield general raced across the central areas with a canine desire to chase the ball. Delivered an effective performance. 7 Getty images 16/22 Mauricio Isla Galloped forward at any opportunity with a performance which defined a breathless first half. Became more defensively minded in the second period but his work-rate was unrivalled. 7 Getty images 17/22 Francisco Silva Perched just in front of the Chilean defence, Francisco Silva’s job was simple and he made it look so. Dealt with the threats of Hulk and Neymar with an effortless swagger. 7.5 Getty images 18/22 Marcelo Diaz Remaining composed in the midst of a packed Chilean midfield, when Brazil relentlessly piled on the pressure, Marcelo Diaz is the reason the hosts were contained for so long. 7.5 Getty images 19/22 Arturo Vidal It is no surprise that Arturo Vidal has been linked with a £44million move to Manchester United of late. Kept possession well but his tackles had a worrying bite to them. Could have been dismissed on more than one occasion. 7 Getty images 20/22 Charles Aranguiz A thorn in every Brazilian defender’s side, Charles Aranguiz was regularly seen racing down the flanks with menace. A peerless display. 8 Getty images 21/22 Alexis Sanchez Played the role of controller for much of this tie. Ran the midfield single-handedly and drove his side forward along with him. Deserved his goal and more. 8 Getty images 22/22 Eduardo Vargas Not as threatening as his colleagues but still put in an admirable shift. 6 Getty images 1/22 Julio Cesar Had precious little to do in the first half but stood up firm when challenged more often in the second period. Made an emphatic save from Charles Aranguiz after 64 minutes. Made several great saves in the shoot-out! 7 Getty Images 2/22 Dani Alves Was regularly berated by Luis Felipe Scolari for failing to track back after losing possession. Was tricky to deal with upfront but poor at the back. 6 Getty Images 3/22 Marcelo Like Dani Alves, Marcelo was more of an attacking threat that a beacon of defensive solidity. 6 Getty Images 4/22 Thiago Silva Was typically emphatic in the air but struggled to make an impact going forward. The obvious, but only exception, was his flick onto David Luiz for the PSG-bound defender’s early goal. 7 Getty Images 5/22 David Luiz The most passionate man on the pitch, David Luiz wore his heart on his sleeve. Occasionally getting too wrapped up in his emptions, though, he’ll need to control his temperament in future. 6 Getty Images 6/22 Fernandinho Taken off towards the end, this was a decent if unremarkable display from the Manchester City ace. 6 Getty Images 7/22 Luiz Gustavo Does the unglamorous job of mopping up after his teammates' mistakes but, with their relaxed attitude to keeping possession, this is an invaluable role. 7 Getty Images 8/22 Hulk A constant menace throughout, gliding through the Chilean defence with relative ease, but will perhaps only be remembered for the poor pass which lead to Alexis Sanchez’s equaliser. 6.5 Getty Images 9/22 Oscar Had a quiet afternoon and, with his reputation climbing an ever steepening gradient, the Chelsea man will have expected to do more today. 6 Getty Images 10/22 Neymar Carried a nation’s hopes on his shoulders with relative ease. Worried the Brazilian faithful with an early injury but kept running until the very end. 7 Getty Images 11/22 Fred Ineffectual for large periods, like he has been for much of this World Cup, Fred showed little desire to make chances out of nothing. Expected his teammates to do the work. 5 Getty Images 12/22 Claudio Bravo Will have been expecting a far busier afternoon but, thanks to his defence, was well protected all game long. 6.5 Getty images 13/22 Eugenio Mena Despite being foolishly booked in the early exchanges, earning himself a one game ban, Eugenio Mena was a rock at the heart of the Chilean defence. Heading every ball, blocking every shot and tackling any Brazilian which dared stray too close – this was a masterful defensive display. 8 Getty images 14/22 Gonzalo Jara A thoroughly impressive shift at the back of Chile’s system. While many question his inclusion in their squad, Gonzalo Jara continues to prove his doubters wrong. 7 Getty images 15/22 Gary Medel Nicknamed the ‘Pitbull’, Cardiff City’s midfield general raced across the central areas with a canine desire to chase the ball. Delivered an effective performance. 7 Getty images 16/22 Mauricio Isla Galloped forward at any opportunity with a performance which defined a breathless first half. Became more defensively minded in the second period but his work-rate was unrivalled. 7 Getty images 17/22 Francisco Silva Perched just in front of the Chilean defence, Francisco Silva’s job was simple and he made it look so. Dealt with the threats of Hulk and Neymar with an effortless swagger. 7.5 Getty images 18/22 Marcelo Diaz Remaining composed in the midst of a packed Chilean midfield, when Brazil relentlessly piled on the pressure, Marcelo Diaz is the reason the hosts were contained for so long. 7.5 Getty images 19/22 Arturo Vidal It is no surprise that Arturo Vidal has been linked with a £44million move to Manchester United of late. Kept possession well but his tackles had a worrying bite to them. Could have been dismissed on more than one occasion. 7 Getty images 20/22 Charles Aranguiz A thorn in every Brazilian defender’s side, Charles Aranguiz was regularly seen racing down the flanks with menace. A peerless display. 8 Getty images 21/22 Alexis Sanchez Played the role of controller for much of this tie. Ran the midfield single-handedly and drove his side forward along with him. Deserved his goal and more. 8 Getty images 22/22 Eduardo Vargas Not as threatening as his colleagues but still put in an admirable shift. 6 Getty images

Liverpool's interest in Sanchez has been known for some time and interest from the Nou Camp in one of their own strikers - Luis Suarez - puts the Anfield outfit in a strong position for negotiations.

Barcelona are understood to remain keen on Suarez despite his four-month ban from football for biting Giorgio Chiellini. Despite the Uruguayan's latest misdemeanour Liverpool will not allow him to leave for a cut-price deal and are expected to hold out for the £80m they believe the striker is worth.

Liverpool may be able to work Sanchez into any deal for Suarez.

Video: Chile fans celebrate despite Brazil loss

Meanwhile Arsenal have also emerged on the scene. Arsene Wenger, who has been scouting players while watching the World Cup in Brazil, is desperate to add to the Gunners' strike force and reports suggest he has made Sanchez his top target. It's claimed Arsenal will make a £32m bid for the 25-year-old.

Juventus and Manchester United have also been linked with the player who scored 21 goals for Barcelona last season.

With new Barcelona manager Luis Enrique overhauling the squad at the Nou Camp Sanchez is likely to be sold - now it is just a matter of where he ends up.

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