The Gunners want to wrap up the deal as soon as possible to wand off strong interests from Liverpool, Manchester United and Juventus.
Arsenal are closing in on Sanchez from Barcelona, Information Nigeria Football writer was briefed.
The Gunners are keen to improve their attacking options for next season, and Sanchez looks the man to fill the role.
Barcelona have accepted Arsenal’s bid as it matches their valuation, but the deal won’t go through yet until Luis Suarez officially joins the club from Liverpool.
Suarez, who was involved in a biting scandal some weeks back in the World Cup, is set to join the Catalan club for an undisclosed fee, believed to be around £70million.
If Luis Suarez eventually completes the switch, the Gunners would now be allowed to proceed with the deal which includes personal terms.
Information Nigeria revealed yesterday that Arsenal are close to signing the Chilean born attacker who was impressive in the World Cup.
The NorthLondon club’s top priority is to sign an attacking winger or central striker to compliment Olivier Giroud.
Arsenal are also interested in right back Debuchy from Newcastle to replace Bacary Sagna who joined Manchester City.