BBC.
Old news.
Until either club announces something, it's still on.
Manchester City's bid to sign Arsenal forward Alexis Sanchez looks to be over.
It is understood that a conditional agreement was reached in principle between City and Arsenal for Sanchez to move to the Etihad Stadium.
The fee was £55m, plus £5m in add-ons.
But it depended on Arsenal first securing a replacement to fill the gap left by the 28-year-old.
Their target was Monaco winger Thomas Lemar and an agreement was reportedly reached between the clubs for a fee in the region of £90m.
However, it is thought that the 21-year-old France international decided against the move.
City are currently not prepared to resurrect the deal by offering a player in exchange or more money for a straight cash deal.
Barring a remarkable last-minute turn of events Sanchez, who wanted to join City to be reunited with his former Barcelona manager Pep Guardiola, will stay at Arsenal.