Alexis Sanchez's Future in Limbo as Manchester United Enter Race For Arsenal Star

Alexis Sanchez is faced with the prospect of joining either Manchester City or Manchester United after Jose Mourinho's team made a bid to Arsenal for the Chilean forward.

Sanchez's departure from the Emirates Stadium has been inevitable for some time now, as the 29-year-old's contract expires at the end of the season with no signs of him remaining.

Arsenal rejected attempts from Manchester City to sign Sanchez during the summer, yet the former Barcelona player is believed to be keen on a reunion with Pep Guardiola and could move this month.

Manchester City have made an offer of £20 million, but rivals Manchester United have now entered the race and lodged a higher bid, in the region of £25 million, according to the Guardian.

United's offer also includes personal terms that would see Sanchez earn more at Old Trafford than he would at the Etihad. Plus, Mourinho's team have dangled an exchange offer in front of Arsene Wenger.

The Frenchman is said to have wanted 23-year-old Raheem Sterling, who has 18 goals so far this season for City, as a part-exchange for Sanchez. Guardiola and City rejected the proposal.

United have acted on this by offering Arsenal the opportunity to sign Henrikh Mkhitaryan. The Armenian forward moved to Old Trafford in the summer of 2016 from Borussia Dortmund for £30 million having been named Player of the Year in the Bundesliga, but he has failed to impress Mourinho.

Alexis Sanchez
Alexis Sanchez at Stamford Bridge, London, January 10. Sanchez's contract at Arsenal expires at the end of the season. Catherine Ivill/Getty

Mkhitaryan's £200,000-a-week wages would be one of the main issues standing between Arsenal looking to sign him from United, however.

United's offer for Sanchez will come as a relief to Arsenal as the running down of Sanchez's contract has meant the club was likely to sell him cheaply. Should the Gunners have refused to sell this month, City were willing to wait until the summer. United's bid may create urgency.

With Sergio Aguero in the ranks and Gabriel Jesus set to return from injury next month, City's need for Sanchez is not immediate, especially given their healthy lead at the top of the Premier League. But Guardiola is still keen to be reunited with the Chilean early as he looks to compete for four trophies this season.

City's 2-1 victory over Bristol City on Tuesday (January 9) in the first leg of the League Cup semifinal makes them favorite to reach the final in February. They will also face either Cardiff or Mansfield Town in the fourth round of the FA Cup, while playing FC Basel in the last-16 of the Champions League in the same month.

Guardiola believes Sanchez can help them succeed in all four competitions. But now he could end up being an opponent.

Jose Mourinho
Jose Mourinho, left, and Pep Guardiola at the Etihad Stadium, Manchester, April 27, 2017. Laurence Griffiths/Getty