Arsene Wenger revealed Arsenal is taking a financial risk by letting Alexis Sanchez enter the final season of his contract as he seeks a transfer. Arsenal could lose Sanchez for free next summer and is considered likely to do so.

“At the moment no, because we have not progressed on that front,” Wenger said when asked whether Sánchez will sign a new deal. “He is a player who goes into the final year of his contract and prepares for the season.”

Wenger continued: “That is a consequence of what I say, yes, unfortunately. But we have to make a choice between efficiency on the field and financial interest, and most of the time if you can find a good compromise it’s better. But in this case, I think I prioritise the fact that he will be useful on the sporting side.”

Sanchez has sought an exit to either Manchester City or Paris Saint-Germain.