Arsenal manager Arsene Wenger is determined to keep star forward Alexis Sanchez at The Emirates next season, and will offer the forward a £275,000-a-week deal, according to ​The Express.

The Chile international provoked renewed attention regarding his immediate future after he voiced his ambition to play in the Champions League, whilst in Chile.

He told RadioSport Chile: "I want to play in the Champions League. The decision isn't down to me, I need to wait for Arsenal.

"The idea is to play and win the Champions League. I've dreamt about it since I was a kid."

While Arsenal will not compete in next year’s Champions League after last season’s fifth-placed finish, the Gunners hope they can hang on to the striker by offering him wage parity with the top earners in the Premier League.

Chile v Germany: Final - FIFA Confederations Cup Russia 2017

Both Manchester City and Bayern Munich have been linked with a big money transfer involving Sanchez, but a deal with the latter now looks unlikely after the German champions' CEO ​admitted there would be no more attacking additions this summer, after signing Real Madrid’s James Rodriguez on a two-year loan.

28-year-old Sanchez has just one year remaining on his contract and could leave for free next summer should his contract extension offer remain unsigned.

Following humiliating twin 5-1 defeats to Bayern Munich home and away in the Champions League last 16 last season, rumours claim Sanchez questioned Arsenal’s ambition and is said to require a massive increase on his current £130,000 per-week wages and assurances over squad recruitment policy in order to stay in North London.

Despite his frustrations, Sanchez was superb for the Gunners last season - bagging 10 assists and finishing as Arsenal’s top scorer on 24 - while Arsene Wenger is publically optimistic that he can convince his star man to stay.

Meanwhile, Arsenal have been addressing widespread accusations of a lack of ambition with the record signing of £52m man Alexandre Lacazette and concerted efforts to sign Monaco starlet Thomas Lemar.