Manchester City appear to be the leading contenders for Sanchez's signature after Paris Saint-Germain, targeting Neymar, and Bayern Munich, bringing in James Rodriguez on loan, dropped out of the race.
Sanchez returned to full training at the club this week after an extended leave of absence following his involvement in the Confederations Cup for Chile this summer. I get that the only drama is when Arsene Wenger and Jose Mourinho are on the sideline and they may or may not shake hands.
"But will they make as many points?" Sanchez was initially due back to training on Sunday but that was delayed until Tuesday due to illness. I don't like to lose him because he's a top quality striker but we have many strikers.
Wenger stated: "Of course (he will stay)".
Past year was disappointing for Arsenal in the league - they came fifth - which Wenger put down to the negative attitude which he now admits was due to his own silence over his future.
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Wenger, however, rejects the notion that he faces a major issue due to the number of first-teamers entering the final year of their contracts, claiming the club is, in fact, in a flawless position.
"I didn't see the situation. When you are a football player you perform until the last days of your contract", he said.
One season out of the Champions League may be too much for 28-year-old Sanchez.
Sunday's match at Wembley is regarded as a charity friendly, but most likely Wenger and Conte will expect their teams to give their best and start the new campaign strong. "It will become common for one single reason: the inflation rate is so high on wages and the agent will speculate on high wages three or four years before the end of a contract". The first game he missed through suspension was the FA Cup final win over Chelsea the following week, which Arsenal won 2-1.
Arsene Wenger believes Arsenal must "deal with the reality" of missing out on Champions League qualification by instead focusing completely on a "very open" Premier League title race.