Bayern Munich are preparing a bid for Arsenal striker Alexis Sanchez.
Kicker says Bayern are willing to pay anywhere between £21m and £25m.
Arsenal are hoping to tie Sanchez to a new deal before the transfer window re-opens but are reportedly prepared to sell him if he refuses their contract negotiation.
However, just yesterday, Gunners boss Arsene Wenger stated he expected the Chilean to sign his new deal.
Wenger said, “He will be here next year because he has a contract and hopefully we will manage to extend him."