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Manchester United legend Ryan Giggs thinks £35m is a bargain fee for Alexis Sanchez as the Welshman's former club look set to beat rivals City to the signing of Arsenal's wantaway star

Alexis Sanchez has been called a bargain buy by Ryan Giggs for whichever club is 'extremely lucky' to sign him.

Manchester United and Manchester City are in the market for Sanchez with a move imminent and Giggs believes the £35million asking price is 'relatively cheap'.

Arsenal are ready to sell the Chilean forward with Old Trafford the likeliest destination and Giggs would be happy if his former team seal the deal.

Arsenal star Alexis Sanchez looks set to join Manchester United for u00a335million this month
Arsenal star Alexis Sanchez looks set to join Manchester United for £35million this month
Old Trafford legend Ryan Giggs has described the proposed transfer fee as 'relatively cheap'
Old Trafford legend Ryan Giggs has described the proposed transfer fee as 'relatively cheap'

'It doesn't happen very often where you're running down your contract, you've only got six months to go and you're able to get a player relatively cheap in this environment,' Giggs said.