Arsenal are reportedly open to agreeing a deal with Paris Saint-Germain for the sale of Alexis Sanchez.

It is believed that the North London outfit are prepared to let the Chilean leave before the end of the season if Julian Draxler is included in the transfer.

Manchester City were linked with a deadline-day swoop for Sanchez in the summer, but they failed to get a reported £70m deal over the line.

Now, according to the Daily Star, PSG are prepared to move in the winter window and could offer Draxler to the Gunners in order to comply with Financial Fair Play regulations.

The French giants smashed the world record by paying close to £200m for Brazilian star Neymar from Barcelona in the summer, and will also reportedly pay more than £100m for Kylian Mbappe when his loan at Parc des Princes expires at the end of the season.

Sanchez is free to leave Arsenal for nothing next summer.