Wenger said: "It looks like Sanchez will not extend his contract".
Sanchez and his agent would have to lower their demands, or face the possibility that Man City could walk away for now.
United are also looking to bolster their strike force in the January transfer window and are reported to have made inquiries about signing JAMIE VARDY from Leicester City and JAVIER HERNANDEZ from West Ham, according to the Telegraph. The players have two choices: Follow what you [the media] say, or follow me.
Reports of City's decision to abandon their pursuit of Sanchez unless Arsenal and the player himself lower their demands emerged hours before Mourinho addressed the press ahead of Monday's Premier League clash with Stoke City.
The runaway Premier League leaders are reluctant to meet Arsenal's £35million valuation of the 29-year-old and are now not prepared to pay the £5m fee Sanchez's agent is demanding for felicitating any deal. I repeat for sure I have great admiration for players and he is one of them.
"I have had many conversations about him and we talked about the fact that people are always observing you with a microscope when you're on a short-term contract, but I've never questioned his professional attitude when he's on the football pitch".
Speaking at a news conference on Friday, the Frenchman added: "Nothing is really concrete at the moment and nothing is decided one way or another. So he wants to fight as well for the Premier League". "I'm focused on Liverpool".
Wenger said: "Of course I want a quick resolution".
"What we believe is there are some players in the football world where, if you have a chance to sign them, whether it is in January, March or July, then you have to try". We appreciate what a good player he is.