Paris Saint-Germain have re-entered the race to sign Alexis Sanchez from Arsenal in January, with the Chilean already in the final year of his contract. Manchester City were close to completing a deal this summer but a transfer fell through as the Gunners were unable to secure his replacement.

The Mirror reports that the Parisian club are back in the market for Sanchez after realising that they may have to move in January if they want to fend off interest from City. The 28-year-old will be available on a free transfer after the end of the season, with a host of clubs across Europe vying for his signature.

With Arsenal competing in the Europa League, Sanchez will also be eligible to play in the Champions League for either PSG or City, with both clubs having already progressed into the knockout stages of the tournament.

Additionally, PSG are flying high in Ligue 1 and are currently six points clear at the top of the French league table, and the capital club is looking to reclaim its title after missing out to Monaco last season.

Arsenal manager Arsene Wenger recently admitted that the club may be forced to sell both Sanchez and Mesut Ozil in January if there is no breakthrough in contract negotiations before the transfer window reopens.

The Gunners are in a muddle of sorts since two of the north London club's best players will be able to leave the Emirates on free transfers after the end of the season.

Sanchez has scored twice in the league so far and is still some way from reaching the lofty heights he scaled last season, scoring 30 goals in all competitions.

The Chilean has made only one appearance in the Europa League so far, with Wenger looking to keep his best players fresh for the Premier League, where they are currently in sixth spot, 12 points adrift of leaders City, but only four points away from second place.

Ozil, meanwhile, is said to be on the radar of Manchester United manager Jose Mourinho, while recent reports in Spain claimed that Barcelona are also considering him as a cheaper alternative to Liverpool playmaker Philippe Coutinho ahead of the January window.

Alexis Sanchez
Alexis Sanchez was angling for a move to Manchester City this summer but it wasn't to be Getty