Arsenal have two options lined up to replace Alexis Sanchez should they sell the striker in January.

The Sun says Arsenal seem resigned to defeat as they look set to lose Sanchez and would rather accept a lowball £20m offer from Manchester City than lose him for nothing.

Sanchez's departure could force manager Arsene Wenger straight back into the transfer market, with summer target Thomas Lemar set to be approached again.

Arsenal bid in excess of £90m for the Monaco star in the summer, having conditionally accepted a late bid from Man City for Sanchez.

However, Wenger and Co failed to get the deal over the line.

Elsewhere, Arsenal could make a move for PSG winger Julian Draxler, with the French giants aiming to bring in money through transfers, while dumping the star's wage bill in the process.