Arsenal reportedly rejected a £50 million bid for Alexis Sanchez from Manchester City on Tuesday. The Gunners dismissed the offer amid a day of numerous rumours linking their star forward, who is out of contract in 2018, with a move to City this summer.
James Ducker of the Daily Telegraph revealed City's bid has been knocked back:
James DuckerArsenal have rejected a £50m bid from City today for Sanchez #mcfc #afc
Arsenal's rejection of City's opening offer doesn't appear to be posturing. Instead, David Ornstein of BBC Sport has reported the Gunners won't do business over a straight cash deal:
David OrnsteinArsenal have rebuffed all approaches from Man City for Sanchez.