By Wayne Veysey | Chief Correspondent
Arsenal have agreed a £32 million fee with Barcelona for Alexis Sanchez, Goal understands.
The Gunners will now try to wrap up the transfer of the in-demand forward with further talks in the next 48 hours aimed at convincing the player to choose a move to Emirates Stadium ahead of his other suitors.
Sources have told Goal that the financial package offered to Sanchez has been agreed in principle by the player and his representatives.
Arsenal will attempt to clinch the signing by obtaining an official agreement from the Chile World Cup star, with the possibility growing that a deal could be finalised in the coming week.
The indications from the Sanchez camp during negotiations are that he wants to move to Arsenal ahead of Manchester United, Liverpool and Juventus, who have all tabled offers to the Chilean.
The timing of the deal could depend upon Barcelona's pursuit of Luis Suarez, with the Catalan club unlikely to formally sanction Sanchez's departure until they have finalised the signing of the Liverpool forward, who is set to cost just over £70m.
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Barcelona have accepted the offer, which matches their valuation, and agreed the structure of payments proposed by Arsenal.
Wenger has been busy attempting to convince Sanchez, whose World Cup ended a week ago when Chile were eliminated on penalties by Brazil, that he should choose Arsenal ahead of the rival clubs competing for his signature.
Barca's sporting director Andoni Zubizarreta admitted last Tuesday that the Spanish giants are willing to cash in on the 25-year-old, who has been hotly pursued after a series of outstanding World Cup displays and a season in which his 21 goals were bettered at his club only by Lionel Messi.
Goal revealed in May that Arsenal had sent a delegation to Madrid to hold talks with a mystery forward, who is understood to have been Sanchez.
Wenger and his scouts believe Sanchez has the attributes to be developed into a centre-forward at Emirates Stadium.
The Gunners' top priority this summer is to clinch the signing of an elite forward who can provide competition next season for Olivier Giroud, the only senior striker at Emirates Stadium.