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Arsene Wenger is convinced Alex Oxlade-Chamberlain will stay at Arsenal this summer, writes John Cross in Sydney.

Liverpool have been keen on the England midfielder and have made enquiries about his availability, which have been rebuffed.

Oxlade-Chamberlain only has a year left on his current contract at the Emirates, but the Gunners are still hopeful they can reach agreement on an extension. Even if they do not, Arsenal appear to have reached a compromise and are likely to allow him to go into the final year of the deal in the hope of persuading him to stay.

They appear to be more relaxed about Oxlade-Chamberlain - who is part of the 25-man squad on the club’s pre-season tour here - than star men Alexis Sanchez and Mesut Ozil.

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Oxlade-Chamberlain would have the pick of his clubs if he does become a free agent next summer, but is also hugely popular at Arsenal.

Liverpool have been interested this summer, while Chelsea and Manchester City have been watching developments.

Arsenal face a bigger decision on Sanchez, who is also a target for City.

It now seems highly unlikely he will sign a new deal having not put pen to paper on the club's latest offer, which was worth in excess of £275,000-a-week.

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Sanchez’s advisers have been asking for £400,000-a-week, which would surely be above City’s pay structure too, but there is a feeling he wants to go to the Etihad and link up again with Pep Guardiola, who signed him for Barcelona six years ago.

Arsenal have insisted publicly they will not sell the Chilean striker to a Premier League rival, but as the window draws on they may be tempted to do so rather than lose him for free in 12 months' time.

Sanchez has been given an extended break after the Confederations Cup and is not due back at the club until late this month.

His future will also be key to deciding Olivier Giroud’s fate.

(Image: Arsenal FC/Getty)

Everton, West Ham and France's Marseille are all interested in the striker, with the Merseysiders keen to get him after selling Romelu Lukaku to Manchester United on Monday. AC Milan of Italy are also watching developments as they look for a new frontman, while their Serie A rivals Napoli are long-term admirers.

However, Arsenal are unlikely to sanction Giroud’s exit if they also sell Sanchez as that will leave them short, despite the arrival of club-record signing Alexandre Lacazette.

They are about to sell another forward, Lucas Perez, back to Spain, with Deportivo La Coruna closing in on a player they sold to the Gunners for £17million last August.

(Image: Arsenal FC/Getty)

Elsewhere, Burnley have shown some interest in Carl Jenkinson, who is not on this tour, while Watford are also watching developments on another full-back, Kieran Gibbs, another who has remained in London to sort out his future.

There has been strong Premier League interest in Gibbs with Arsenal looking to sell. But, despite suggestions otherwise, no £15m price tag has been put on his head.

The England left-back is likely to go after the arrival of Sead Kolasinac on a Bosman from German club Schalke.