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Paris Saint-Germain have pulled out of the race to sign Alexis Sanchez, according to French newspaper Le Parisien.
PSG were among the likes of Bayern Munich, Chelsea and Manchester City keen on signing the Arsenal star.
But PSG appear to have folded on a move believing the Chile star is too expensive.
Sanchez has been offered a new deal by Arsenal but is still considering his future after they failed to qualify for next season’s Champions League.
City boss Pep Guardiola is keen on a deal for the forward but Arsenal are desperate not to sell to a Premier League rival.
Other reports claim Arsene Wenger will do he can to convince the star to remain at the Emirates next season including offering him a monstrous weekly salary – which sources claim he is likely to accept.
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