Manchester United forward Alexis Sanchez has reportedly emerged as a transfer target for Atletico Madrid and Valencia.

Sanchez has spent the last 12 months at Old Trafford, but the Chilean has only scored three goals from 23 appearances in the Premier League since leaving Arsenal.

The 30-year-old could potentially feature regularly under caretaker boss Ole Gunnar Solskjaer, but according to El Gol Digital, two La Liga sides are prepared to offer the attacker an escape route.

The report claims that both Atletico and Valencia want to sign Sanchez at the midway point of the campaign, and feel that United would not demand a big transfer fee.

Sanchez's wages may be an issue for both clubs, but it appears that each of the Spanish giants want to hand the forward a return to a country where he has already represented Barcelona.

Atletico currently sit just three points adrift of top spot, while Valencia are down in eighth position in the standings.