Sanchez is reportedly unhappy with the lack of progress the Gunners have shown since his arrival at the club, with the former Barcelona forward keen to add some silverware to his already decorated CV.
Links with Paris Saint-Germain and Juventus has intensified since the perennial February capitulation in results from the Gunners – as they stare towards yet another campaign without major honors.
Corriere dello Sport claims that Massimo Allegri’s side have launched a €30million opening bid for Sanchez and if the deal goes through, the London based side will invest in Lyon’s mercurial forward.
Lacazette has scored 27 goals in 31 games across all competitions and has been subject of speculation from Liverpool and Borussia Dortmund over the past 12 months.
Wenger saw a £35m bid for the France international in the off season knocked back, but will now look to raise the offer closer to the £60m buyout clause set by Les Gones.