The Eastlands top brass are refusing to concede that Sanchez, 22, has his heart set on a £35million move to European champions Barcelona.
Reports from Chile last night suggested the winger was ready to fly out to Spain for a medical and sign a five-year deal worth around £90,000 a week.
The Catalans will cough up a £25m down-payment with another £10m linked to results. But City are prepared to offer far bigger wages.
But the lure of playing alongside Leo Messi and Co may prove overwhelming.