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City boss Pep Guardiola was confident the 28-year-old wanted to join them, despite a failed £60m pursuit in the previous transfer window.
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But Paris Saint-Germain is ramping up their interest and want him to partner Neymar and Kylian Mbappe upfront.
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Sanchez met with PSG chiefs in the French capital this summer, where they discussed a potential transfer.
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He demanded a staggering £400,000-a-week, which the Ligue 1 side admitted they could not afford to pay.
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But Unai Emery’s team did tell him they would hand him a hefty signing on fee and top City’s offer of £275,000-a-week.
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It is understood PSG will offload Edinson Cavani, who recently had a bust-up with Neymar over a free-kick to make way for Sanchez.
Source: Tribal Football
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