Paris Saint-Germain have renewed their interest in Alexis Sanchez and are now emerging as favourites to sign the striker should he leave Arsenal this summer.

The French giants have been back in contact with Arsenal, who have insisted that they will not sell Sanchez to a Premier League rival, which would rule out Manchester City where he is wanted by manager Pep Guardiola.

Arsenal do not want to sell Sanchez at all and the official line remains that they are prepared for the Chilean international to see out the final year of his contact at the club if he does not sign a new deal and leave on a free transfer next summer.

However, according to sources, Sanchez expects to be allowed to leave and the 28-year-old is attracted to PSG who can meet his financial demands and also offer Champions League football.

Sanchez has been a long-term target of PSG who want to add more experience and quality to their squad as they attempt to reach their dream of winning the Champions League.