Arsenal have allegedly tabled a £32m bid for Barcelona striker Alexis Sanchez.
The offer matches the La Liga club's valuation of the Chilean, but Gunners boss Arsene Wenger must now convince the player to choose them over other suitors, Goal.com reports.
Liverpool are said to be interested in Sanchez, with the Reds attempting to secure his service as part of a deal that could see Luis Suarez move in the opposite direction.
Wenger is reportedly due to hold negotiations with Sanchez's agent in Brazil this week.