Gunners star is a long-time Man City target.
Manchester City have twice tried to sign Arsenal forward Alexis Sanchez, including this summer before he left Barcelona for the Emirates Stadium in a £30m move, the Daily Mail reports.
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Arsenal transfer news
The Premier League champions could not get around Financial Fair Play issues at the time, though they have brought in a new striker this January after splashing out around £28m on bringing in Wilfried Bony from Swansea City.
Still, Sanchez was also on their radar in the search for new attacking players this summer, though in the end Arsenal were in a better position to sign the Chilean international, who was also keen to make the move to London.
The 26-year-old has now shone as one of the best new signings of the summer after a great debut season in England, and it has been revealed that he could even have made the move here back in 2011.
City, then managed by Roberto Mancini, were also keen on Sanchez when he was with Serie A side Udinese, though at that time he had his heart set on the move to Barcelona, while City were also prioritising a move for Sergio Aguero, who joined for £38m from Atletico Madrid.