Sanchez's future has cast a cloud over Arsenal's pre-season preparations with Manchester City and Paris Saint-Germain determined to snap him up. "He is out for a while, could be two weeks but he will not be available for Stoke".
Perhttps://www.10bet.co.uk, odds on Alexis staying at Arsenal after the summer transfer window favor the Gunners at 1.3, followed by chances of him going to Manchester City (3.1), Paris Saint-Germain (3.15) and Bayern Munich (11.0).
Reports in France also suggested Monaco forward Kylian Mbappe had chosen PSG as his selected destination, but the 18-year-old is expected to cost around £161 million.
"We are trying to extend the contract of Alexis but we are not there yet".
Asked if any bids had been lodged for Sanchez, the Frenchman replied: "I can't tell you that at the moment. But all the other players prepared in preseason and are ready", Wenger said. "I just think we are not open - what I said to you many times - to any offers, anyway".More news: Russian Surveillance Plane Flies Over Washington
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However, Wenger seemed convinced that Sanchez - who is in the a year ago of his contract - will be going nowhere this summer.
Wenger also dismissed Chelsea's reported interest in Alex Oxlade-Chamberlain, saying he is still firmly in his first-team plans.
"He is today very conscious of his qualities as well, which he was not always, and I personally believe he will be a very great player".
The French club have already stunned football by prising Neymar from Barcelona in a world-record £200m deal and sources close to the situation say that only marks the start of what is over the next few years set to be the most ambitious spending spree seen in football.