Arsenal attacking midfielder Alexis Sanchez will join Bayern Munich as early as next week, according to Calciomercato.it.
Negotiations between the two clubs have intensified in the last 48 hours with Carlo Ancelotti eager to add the Chilean to his squad.
The news comes days after manager Arsene Wenger insisted that the player and teammate Mesut Ozil will not be sold.
"This summer, first of all they will stay at the club and hopefully we can extend their contract," Wenger told beIN SPORTS.
"No [they will not be sold].
"You cannot weaken the club and weaken the team. You want to strengthen the team. Unless you find a player of the same calibre and if they absolutely want to leave.
"I believe, at the moment, we're not on that front. We're focused on keeping the team together and to see how we can strengthen the team.
"When you sign a contract somewhere, you commit to give your best until the end of the last day of that contract. I would say 'why should they not give their best?'
"The interest of any player is always to play football and well, even more so at the end of your contact. If you're a winner, you want to win the game you're playing."
