Sky Sports journalist Kaveh Solhekol says Alexis Sanchez wants a £500,000-a-week contract from Paris Saint-Germain.
The Chilean is all set to leave Arsenal during the summer transfer window.
Solhekol wrote on Twitter that the Gunners don't want to sell the player but it seems more and more likely that his future is away from the Emirates.
The French giants are expected to make an offer in the region of £35million next week.
They also want to sign Neymar from Barcelona.
Manager Unai Emery confirmed earlier this week that he wants to sign the best players in the world.
"PSG wants the best players in the world, who are in the best clubs in the world," Emery told L'Equipe when asked about interest in Sanchez and Neymar.
"If we want to compete with Bayern Munich, Barcelona, Real Madrid and win the Champions League, then PSG must have a player of the world top five.
"We are trying to get one signed this summer."
