Arsenal have accepted that Sanchez will not be signing a new contract with them, and the club's hierarchy is now of the opinion that they should sell - but have set a £30million asking price.
And today reports suggested United had agreed a financial package with the player's advisors, giving Sanchez and Felicevich a fall-back option if City refuse to budge. It's no longer an option to go out and apply his footballing abilities in another league, but this one.
On if a replacement is not brought in, Alexis will not go?
The Citizens have splashed out £224.37m this season alone, spending £160m on overhauling their defence with the arrivals of Kyle Walker, Benjamin Mendy and Danilo plus goalkeeper Ederson in the summer.
The Gunners managed to keep the Chilean forward in the summer but Pep Guardiola's runaway Premier League leaders have returned with renewed determination to secure the 29-year-old.
"A bidding war is always beneficial but we are not in that". David Moyes doesn't see Hernandez as part of his plans at the London Stadium and the Mexican striker will have plenty of suitors, including Southampton 3/1, Newcastle 4/1 and Swansea 5/1. The 21-year-old, who recently made his debut for Argentina, has a £27million release clause. They can, though, offer him prominence.
Sanchez is an attacking midfielder known for his pace, power, dribbling and finishing. Guardiola has already got Sergio Aguero, Gabriel Jesus, Leroy Sane, Raheem Sterling, David Silva, Kevin De Bruyne and Bernardo Silva competing for places in the front five.
"I think it would be an absolutely unbelievable signing". It would be bad if it did.
The United boss was keen not to be drawn on specifics regarding a player he labelled as "phenomenal" but conceded there were times when his reluctance to engage in the January market must be abandoned.
"I don't think it is ethical or correct to be speaking about players of other clubs", Mourinho said.
ARSENAL: Erm. the weather in London is better than up north.
Up their offer and take the player now - covering up for missing players, key to Man City's silverware and league aspirations this term. In that position, Sanchez is able to roam in between channels and create in the final third.
Aside from the old "loyalty" line, there just isn't any sporting argument that makes sense. The amount is around £20 million.