Paris Saint-Germain are reportedly lining up a £35m bid for Arsenal forward Alexis Sanchez, rather than the £70m approach which had previously been suggested.

PSG have emerged as frontrunners to sign the Arsenal contract rebel in recent days, with Gunners boss Arsene Wenger understood to be unwilling to sell him to a direct Premier League rival like Manchester City.

It had been reported that the French giants were readying an offer of up to £70m for the Chilean, but Sky Sports News claims that their official offer will be half of that figure.

Sanchez is heading into the final year of his contract at the Emirates Stadium and, with no sign of an extension on the horizon, PSG are hopeful that they can tempt the London side into selling him for a cut-price fee.

Arsenal are still expecting to keep Sanchez at the club, however, even if that means losing him on a free transfer next summer.

The 28-year-old is rumoured to have met with PSG club officials on Friday to discuss a potential move following an admission that he wants to play Champions League football next season.