The 26-year-old, who was recently released by French club Valenciennes, is said to have been a target of Reading boss Brian McDermott for a number of months.
Despite interest from Italian clubs Udinese and Genoa, McDermott is confident that he will capture his target, according to Sky Sports News.
Sanchez has represented his country on 26 occasions.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Wycombe WanderersWycombe | 19 | 13 | 4 | 2 | 43 | 22 | 21 | 43 |
| 2 | Birmingham CityBirmingham | 18 | 13 | 3 | 2 | 34 | 16 | 18 | 42 |
| 3 | Wrexham | 20 | 12 | 5 | 3 | 30 | 13 | 17 | 41 |
| 4 | Huddersfield TownHuddersfield | 19 | 11 | 3 | 5 | 30 | 18 | 12 | 36 |
| 5 | Stockport CountyStockport | 20 | 9 | 6 | 5 | 32 | 21 | 11 | 33 |
| 6 | Reading | 19 | 9 | 4 | 6 | 30 | 28 | 2 | 31 |
| 7 | Barnsley | 20 | 8 | 6 | 6 | 29 | 26 | 3 | 30 |
| 8 | Bolton WanderersBolton | 18 | 9 | 3 | 6 | 28 | 29 | -1 | 30 |
| 9 | Lincoln CityLincoln | 20 | 7 | 7 | 6 | 26 | 25 | 1 | 28 |
| 10 | Blackpool | 19 | 7 | 5 | 7 | 29 | 31 | -2 | 26 |
| 11 | Mansfield TownMansfield | 18 | 7 | 4 | 7 | 22 | 22 | 0 | 25 |
| 12 | Stevenage | 18 | 7 | 4 | 7 | 15 | 17 | -2 | 25 |
| 13 | Peterborough UnitedPeterborough | 19 | 7 | 3 | 9 | 37 | 35 | 2 | 24 |
| 14 | Charlton AthleticCharlton | 19 | 6 | 6 | 7 | 18 | 19 | -1 | 24 |
| 15 | Exeter CityExeter | 19 | 7 | 3 | 9 | 17 | 21 | -4 | 24 |
| 16 | Wigan AthleticWigan | 19 | 6 | 5 | 8 | 17 | 16 | 1 | 23 |
| 17 | Rotherham UnitedRotherham | 18 | 6 | 5 | 7 | 19 | 20 | -1 | 23 |
| 18 | Leyton Orient | 19 | 6 | 4 | 9 | 19 | 20 | -1 | 22 |
| 19 | Northampton TownNorthampton | 20 | 5 | 6 | 9 | 21 | 29 | -8 | 21 |
| 20 | Bristol Rovers | 19 | 6 | 3 | 10 | 17 | 28 | -11 | 21 |
| 21 | Crawley TownCrawley | 19 | 5 | 4 | 10 | 20 | 32 | -12 | 19 |
| 22 | Cambridge UnitedCambridge | 19 | 4 | 5 | 10 | 20 | 31 | -11 | 17 |
| 23 | Burton Albion | 19 | 2 | 6 | 11 | 16 | 30 | -14 | 12 |
| 24 | Shrewsbury TownShrewsbury | 19 | 3 | 2 | 14 | 19 | 39 | -20 | 11 |
| > League One Full Table | |||||||||
