Sanchez said he would leave his future in the hands of his agent as he prepares for this month's Confederations Cup with his national side, as both City and Bayern Munich hope to learn of the forward's plans once he returns from worldwide duty.
But much-respected Chilean journalist Fernando Solabarrieta has dropped the bombshell that Alexis is about to join City, with the deal set to go through as soon as the clubs have thrashed out a transfer fee.
The 28-year-old scored a stunning 43 goals across all competitions for Bayern this term and has scored more braces than single goals in the Bundesliga.More news: NEET 2017: Framed Gujarati question paper to avoid paper leak, says CBSE
I'm looking at what my agent is doing.
"If he has a winning mentality and keeps pushing forward I think he can do very well".
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According to reports in the Chilean's homeland, Pep Guardiola has won the race to snap up the striker.More news: Henry: Wenger must win Premier League title
Arsenal did manage to end the season with one piece of silverware after lifting the FA Cup.
The forward is with the Chile squad ahead of Tuesday's away friendly against Romania, their last warm-up match for the Confederations Cup in Russian Federation.
The Gunners have reportedly stepped in and told Sanchez that they would not sanction a move to City this summer, according to the Daily Mirror, and that the striker's only option of an Emirates departure now lies overseas with Bundesliga champions Bayern Munich.More news: Israel approves largest West Bank settlements in 25 years