Sunday's Arsenal transfer rumours: Alexis Sanchez and Alex Oxlade-Chamberlain

PSG reportedly remain interested in signing Arsenal forward Alexis Sanchez

All the latest Arsenal transfer news and rumours from across the British and European press on Sunday, July 23.

Alexis Sanchez is demanding a whopping £500,000-a-week from PSG, according to reports in the Sunday Mirror.

However, the red top also says that the Chile forward
retains hopes of joining big-spending Premier League rivals Manchester City next season.

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The Mail on Sunday, though, say Arsenal boss Arsene Wenger insists he will not consider any PSG bids for Alexis.

The 28-year-old only has 12 months left on his deal with the Gunners.
Meanwhile, the Mirror claim that Alex Oxlade-Chamberlain insists his Arsenal contract stand-off is not to do with money.

Both Liverpool and Chelsea remain keen on signing the England midfielder this summer.
In fact, the Sunday Express say the Premier League champions will this week step up their interest in signing Oxlade-Chamberlain.

However, the Blues can also expect a battle from City for the player's signature.

Leicester forward Riyad Mahrez is keen on joining the Gunners rather than Roma

Elsewhere, Leicester City forward Riyad Mahrez will reject Roma as he aims to push through a £35m move to Arsenal, report the Sun on Sunday.

The Algeria international, 26, is currently contracted to the Foxes until the end of June 2020.
And finally, Arsenal have been told they are wasting their time trying to sign Kylian Mbappe from Monaco, report the Sunday Express.

It is understood the France frontman wants to go to Real Madrid this summer.