Reports in the English media are consistently linking Arsenal to the Chile International Eduardo Vargas.
The Daily Star claim that Arsenal are currently in the last stage of negotiations and the Gunners will wrap up the deal by Wednesday.
talkSPORT, on the other hand, claim that Arsenal are pursuing a loan deal for Sanchez’ teammate.
Vargas has been linked away from the Italian side Napoli since his agent claimed that the club had other priorities forcing him to look for options elsewhere.
Arsenal are in dire need of a forward and club is currently relying on Yaya Sanogo who is still soft at the edges and Olivier Giroud who has failed to impress the masses in the Barclays Premier League.
Vargas was on loan at Valencia last year and he is still linked to the Spanish outfit along with being linked to Queens Park Rangers in England. However, according to talkSPORT, Arsenal dominate the market for him.