Pep Guardiola has refused to comment on whether Manchester City are interested in signing Arsenal star Alexis Sanchez this summer, saying now is not the moment to talk about the club's transfer plans.

Sanchez's future at Arsenal has been the subject of much speculation in recent months, with the forward's current contract at the Emirates Stadium outfit set to expire in 2018.

The Chile international is believed to want a new deal that would see him earn the same as the Premier League's highest paid players such as Paul Pogba - with Standard Sport exclusively reporting on Thursday that Arsenal have indeed offered Sanchez a new contract worth £300,000 per week.

Should the 28-year-old accept the offer, it would make him the highest paid player in the English top-flight although it is believed that City, Chelsea and French giants Paris Saint-Germain will still try and sign Sanchez at the end of the season.

Guardiola - who previously coached Sanchez at Barcelona for one season - was asked whether the Arsenal forward is the type of player he would want to sign this summer, but the City boss avoided answering the question directly.

"It's not the time to talk about that or the players who are going to stay here," Guardiola said on Thursday ahead of City's game with Southampton this weekend.

"We have a lot of business to do."