The report says that Wenger believes that the 25-year-old has the quality to replace Sanchez, who is expected to leave The Emirates either in January or in the summer transfer window, when his current contract is due to expire.
Wilfried Zaha is the latest name to be linked with a Gunners move with a potential fee of £35 million quoted in the press.
The Crystal Palace midfielder has been a rare positive for their relegation-threatened side, with the winger contributing two of their four league goals so far this campaign.
Iran Denies Being Involved in Bahrain Pipeline Explosion
However, it potentially opens a new front in the low-level insurgency plaguing Bahrain since its 2011 Arab Spring protests. Iran has denied allegations it was behind a militant attack on a pipeline outside Bahrain's capital.
Palace headed into the worldwide break rock bottom of the Premier League despite Zaha's displays and are effectively seven points from safety given their goal difference.
The Chilean attacker will be a free agent in the summer and boss Arsene Wenger is resigned to losing him, with Manchester City keeping a keen eye on his status.
Arsene Wenger was reluctant to let Sanchez leave last summer - especially to a rival Premier League club. Moreover, with bitter rivals Tottenham Hotspur reportedly eyeing the former Red Devil, securing this transfer could prove very hard for Arsene Wenger.
The Chilean brings flair, brings goals, and instills fear in defenders, while also having the character of a born victor, and while Zaha is talented, he isn't a scratch on Alexis.
3 takeaways from Hokies' loss to Georgia Tech
Just don't know how many times we're going to get down there, quite honestly. "It's disappointing", Kumah said. Both were incomplete, including a deep pass down the middle for Cam Phillips that Kerr knocked away.
Carrie Underwood Recovering After 'Hard Fall'
News Channel 5 reports Underwood's injury has made her scheduled appearance at Sunday's Country Rising concert impossible. The doctors chose to release her from the hospital not long after they put a cast on her wrist.
Wilkins: Loftus-Cheek can match Dele Alli
Southgate added: "He did everything I know he can do". "It took him 10 minutes to realise he's OK here". I had Gareth in charge for almost three years with the under-21s and the boys have been great.