​Arsenal fans have been given fresh hope regarding Alexis Sanchez's future after the forward featured in kit launch of the Gunners' new home shirt.

Sanchez, who is yet to sign a new contract despite only having another season left on his current deal, has been heavily linked with moves away from the Emirates with both Bayern Munich and Manchester City said to be interested.

However, Sanchez is seen modelling the new Arsenal kit for the 2017-18 season alongside Hector Bellerin, Olivier Giroud and Mesut Ozil, all of whom have been linked with transfers to various sides.

Bellerin is said to be interesting Barcelona, while a return to France for Giroud has also been ​​speculated.

Despite the rumours of Sanchez's future, Chilean publication La Tercera claim the 28-year-old will honour his contract and stay with the Gunners for another year, even with a lack of Champions League football after finishing fifth last campaign.

Arsenal v Everton - Premier League

A new £300,000-a-week deal is being considered for Sanchez while the report also claims Bayern are no longer in the running for the former Barcelona man, as the Bundesliga giants consider him to be too expensive.

Sanchez's stay, along with the expected signings of Lyon striker Alexandre Lacazette and Leicester winger Riyad Mahrez, could help Arsenal mount a Premier League title bid after a disappointing 2016-17 season.

The Gunners could only finish fifth in the race for a Champions League spot, being pipped to fourth by Liverpool, but Arsene Wenger's side still managed to secure the FA Cup by beating Chelsea 2-1 in May.