The Chile international’s future has been a source of relentless speculation throughout the 2016-17 season.
Sanchez failed to agree a contract extension with the north London side to open the door to a potential move this summer, particularly as the South American has less than 12 months left on his current deal.
The 28-year-old finished as Arsenal’s top goal-scorer in the Premier League last season after a return of 24 goals in 38 games in the top flight.
Bundesliga champions Bayern Munich are thought to be heading the interest in the South American, while Premier League duo Chelsea and Manchester City have also been touted as potential destinations.
Speaking to ESPN FC about Sanchez’s potential move to the German side in the 2017 summer transfer window, Bundesliga expert Honigstein explained the two issues Bayern face to get a deal over the line.
“Bayern are still struggling to get an agreement with him,” Honigstein said.
“He has asked for a lot of money, which Bayern could pay but they’re worried about the knock-on effect to the wage structure.
“Plus the real possibility of playing a huge inflated fee for someone who only has one year left on his contract.”
Arsenal signed Sanchez in a £35m deal from La Liga giants Barcleona in the 2014 summer transfer window.
The Gunners were 2-1 winners against Premier League champions Chelsea in the FA Cup final.
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