Arsene Wenger has said that Alexis Sanchez wants to stay at Arsenal, while he remains "convinced" that the club can reach an agreement on a long-term contract extension.

Wenger, however, did say there's a limit to how much money Arsenal can offer Sanchez and Mesut Ozil on their extensions.

"Alexis Sanchez is a committed player who wants to stay. I'm convinced we'll find an agreement. It has to be in our potential," Wenger said. "We are not scared to spend the money and we are not scared to show the players we love them, and we want them to earn big money but we have to have a line of conduct."

Wenger said he remains optimistic that an agreement will be reached, despite the players reportedly holding out for deals worth in excess of £200,000 a week.

"It always starts with money, it finishes with money and in between the players want to stay or want to go," Wenger said. "When the players want to stay it's easier to find an agreement. We can certainly find an agreement. You cannot put the club in jeopardy as well for the players.

"I think no matter what happens we'll try to keep them and we'll go as high as we can and if we cannot go further, we cannot go further. That's basically it. That's the way you have to manage a football club."