Arsenal will lead chase for Thomas Lemar if Alexis Sanchez leaves for Manchester City this month

ARSENAL will reportedly lead the chase for Monaco star Thomas Lemar — but a deal hinges on Alexis Sanchez leaving for Manchester City.

The Gunners tried and failed with a £90million bid for the Frenchman on deadline day which scuppered Sanchez's move to the Etihad.

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French news outlet claim that the Gunners will be clear favourites to land Lemar, 21, for as little as £61m this month.

That is reportedly if Chilean international Sanchez can engineer his £20m switch to the Premier League leaders.

Liverpool have funds after they sold Philippe Coutinho for £145m to Barcelona and are also interested in Lemar.

But RMC note that the Gunners last attempt to get the highly-rated midfielder would put them in pole position.

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Arsenal boss Arsene Wenger last night played down reports Sanchez is being sold after his side battled to a 0-0 draw with Chelsea in the Carabao Cup semi-final first leg.

He said: “Does he sign (for Arsenal) now or does he sign in June? What is important is the next game and that you can rely on him.

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“His commitment does not depend on the duration of his contract.

“I want him to stay for longer because he’s a very important player for us.”