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Arsenal January transfer news LIVE: Arsenal line up Vazquez move

Arsenal want to sign Real Madrid attacker Lucas Vazquez as the replacement for Alexis Sanchez, claims Don Balon .

Alexis is desperate to leave Arsenal in the transfer window and wants to join Manchester City now, rather than wait to complete a free transfer at the end of the season when his contract expires.

A string of names has been mooted to replace the Chilean, with Madrid’s Vazquez now an option for Arsene Wenger, who feels the Spaniard has the qualities to compensate for Alexis’ departure.

Theo Walcott Arsenal

Arsenal will allow attacker Theo Walcott to depart this January - but not for a fee less than £30 million, The Sun believes.