Wenger is ready to let Sanchez leave on a free transfer in the summer of 2018.

The French manager said Arsenal are willing to take a financial loss if the Chilean striker does not want to renew his contract.

"We haven't made any progress. At this point, he's in the final year of his contract and we haven't made any progress on an extension. There will be consequences that I consider unfortunate, but we have to choose between performance on the pitch and financial efficiency. In this case, I prioritize the professional aspect," Wenger said in a press conference ahead of this weekend's Premier League match against Stoke City.

Alexis Sanchez has only one year left on his contract with Arsenal. And if they cannot convince him to extend it, the Gunners will lose the Chilean star for free when he leaves on a free transfer next summer.

Wenger doesn't want to sell Sanchez this summer. Photo: PA.

Wenger confirmed that Sanchez will not play in this weekend's match as he is still recovering from a muscle injury. The Chilean forward could return for the next game, against Liverpool the following weekend.

Wenger said he was confident Sanchez would extend his contract with Arsenal and insisted the striker's situation was unrelated to Diego Costa's at Chelsea. The Spanish striker did not participate in Chelsea's pre-season preparations and is currently in Brazil hoping to return to Atletico Madrid.

"I don't think there's any common ground to compare. We wanted Sanchez to stay with the team, while Chelsea didn't see Costa as necessary," Wenger said.

The 67-year-old manager supports the idea of ​​closing the transfer window before the start of the Premier League season next year. Several managers have already spoken out on this issue.

According to VNE