Football rumours: The latest on Alexis Sanchez and more Chelsea spending

What's being said online and in the papers.

Arsenal striker ALEXIS SANCHEZ is willing to take a pay cut in order to move to Manchester City, according to the Independent.

Bayern Munich, Juventus and Paris St Germain are also keen on the Chile frontman but his preference is to remain in the Premier League and join up with Pep Guardiola's revolution at The Etihad and wants his future resolved in the August transfer window.