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Paris Saint-Germain are back in the market for Alexis Sanchez — and that could spark a January bidding war with Manchester City.

Premier League leaders City have been red-hot favourites to sign Arsenal's star forward, who is on course to be out of contract at the end of the season.

But French giants PSG, who are six points clear in Ligue 1, have reignited their interest in Sanchez and may have to make a move in the winter window if they want to jump ahead of the Blues in the race.

(Image: Action Images via Reuters)

City boss Pep Guardiola wants a reunion Sanchez, who played for him at Barcelona, and the table-topping Mancunians are prepared to wait until the summer to get their man on a free transfer unless they get a raft of injuries before January.

Sanchez, who is 29 next month, would be eligible to play in the Champions League's knockout phase for either City or PSG despite making one Europa League appearance this season — which could also appeal to him.

(Image: Getty)

PSG have again been in contact with the Chilean's representatives, and he would be another massive addition to their star-studded squad.

They also believe the added attraction of moving to Paris from similarly cosmopolitan London could be significant in beating their Manchester rivals to his signature.

Arsenal are resigned to losing Sanchez in the summer, after his contract talks reached deadlock.

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Playmaker Mesut Ozil also looks set to go, so a big January bid for Sanchez may appeal rather than having to swallow losing both for nothing at the end of the season.

He is desperate to win trophies, and Chile’s failure to qualify for the World Cup in Russia next year may have made him even more determined to go to a club that will be challenging for major honours as time begins to run down on his career.

(Image: Getty)

PSG have been keen on the player in the past, but their interest cooled after they added Neymar and Kylian Mbappe to their attack last summer.

However, there are long-term doubts about their first-choice striker Edinson Cavani, and if they can bring in a free signing it would represent good business.