Manager Antonio Conte has confirmed that the Premier League champions will not be taking part in the transfer battle to sign Arsenal's Alexis Sanchez.
Meanwhile, as things stand right now, BBC has quoted that Manchester City are ready to give up the chase as Arsenal are demanding a £35m fee for the Chilean.
But with Arsenal aware of rival interest from United, there is no mood within the Emirates to reduce the price tag.
Arsenal manager Arsene Wenger has conceded Alexis Sanchez could leave this month as long as he can bring in a replacement as he prepares for life after the Chile worldwide. "I don't think for the players it's a hard situation - probably they train the same way and it's not a dramatic change that isn't good in this period of the season".
The World Cup victor has openly called for marquee signings in the past, and Wenger admitted that Arsenal's ability to fight for trophies could be just as important as the player's salary.
Arsenal also seem pretty keen to sell Sanchez now, he's not managed to find his best form this season and reports have suggested this team-mates have been none to impressed with his attitude. If you look back at Man Utd's big signings over the decades, Cantona came out of the hat, Van Persie was a surprise, and they both helped United win titles.
Asked if he was more optimistic that Ozil will agree a new deal than he was last summer, Wenger replied: "Yes". We do not believe in signing a player just to do something. "I am focused on Liverpool". You reduce the number of players or increase the wages trying to fight with massive clubs as the difference in wages between the big, big clubs financially, I speak, and us has become big.