Manchester United are prepared to pay Alexis Sanchez more than £350,000 per week, as the club lead the chase to sign the Chilean, reports Sky Sports.

Whereas rivals Manchester City are unwilling to pay more than £20m for a player who is out of contract in the summer, and unprepared to pay him more than their current stars such as Kevin de Bruyne, United are happy to meet Arsenal's £35m asking price, pay £5m to his agents, and hand the player more than £18m a year.

Arsenal would also prefer Sanchez to move to Old Trafford because United are willing to let Henrikh Mkhitaryan go to the Emirates as part of the deal.