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Bayern Munich have given up on trying to sign Arsenal star Alexis Sanchez, according to reports.
The Chile international has been heavily linked with a move to the Allianz Arena.
However, German outlet Sport Bild claim they are now looking elsewhere as they are not willing to meet his £22million-a-season wage demands.
The Bundesliga giants have instead set their sights on Atletico Madrid forward Yannick Carrasco.
But securing a deal for him could prove to be difficult with Atleti unwilling to sell due to currently serving a transfer ban.
He will also command a huge fee with his contract at the club running until 2022.
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