Arsenal have sensationally asked for Sergio Aguero in any Manchester City offer for Alexis Sanchez.
The Daily Star says discussions have been held about the South Americans switching clubs this summer.
City boss Pep Guardiola had made former Barcelona hitman Sanchez, 29, his No.1 striker target this summer.
Gunners boss Arsene Wenger has insisted there is no way he will let Sanchez, who scored 31 times for Arsenal last season, leave this summer despite the Chile ace having just a year left on his contract.
But with Sanchez keen to leave a striker swap for Aguero could be the perfect solution for both clubs.
Paris St-Germain are also keen on Aguero but it is understood the Argentine prefers to stay in the Premier League.