Manchester United midfielder Henrikh Mkhitaryan has agreed to join Arsenal, with Alexis Sanchez set to move in the opposite direction in a direct player swap.
Sanchez, who was initially named in Arsenal’s match-day squad to face Crystal Palace on Saturday, was allowed to leave the team hotel late on Friday night after being told by Gunners boss Arsene Wenger that there had been a breakthrough in negotiations over his transfer to Manchester United.
The player subsequently travelled north to complete his medical at Manchester while a deal to bring Henrikh Mkhitaryan to the Emirates Stadium in exchange is also nearing completion.
Armenia international Mkhitaryan, 28, will have a medical over Sunday and Monday, while Chile forward Sanchez, 29, will have his on Sunday.
Sanchez is believed to be signing a contract at Old Trafford worth as much as £14m a year after tax, or £500,000 per week, having at first seemed poised to join City. On the other hand, the length of Mkhitaryan’s contract and his salary remains undisclosed.
An announcement is now expected in the next 48 hours.
Mkhitaryan previously signed for the United for £26.3m from Borussia Dortmund in July 2016, and has made 63 appearances for United — 22 this season — scoring 13 goals.
Sanchez, meanwhile, scored 80 goals in 166 appearances in all competitions for Arsenal since joining them from Barcelona for £35m in July 2014.
The Chile international, whose contract Arsenal was due to expire in the summer, had looked set to join Manchester City last August and earlier this month, before it emerged this week that City had decided not to pursue their interest in signing Sanchez during the current transfer window.