Arsenal legend Alan Smith says striker Alexis Sanchez may reject the club's £270,000-a-week offer.
The Gunners are desperate to keep the Chilean at the Emirates but with no Champions League football next season, it is unlikely that the 28-year-old will stay at the club.
Smith is convinced that all top players want to feature in Europe's most prestigious competition and this could be the reason for Sanchez's departure.
"Champions League football might play a part. All the top lads want to be involved in that competition," Smith told the Alan Brazil Sports Breakfast.
"I don't know, I can't read his mind how happy he is there. How badly does he want to win trophies?
"[Today's final?] They're not without problems, which is not ideal for a cup final.
"You've got to give them a chance. You don't give them a huge one, they go in as underdogs, but that might just suit the Gunners.
"Who thought they would get past Manchester City in the semis?
"It's a one-off game and they've got match-winners – you mentioned the main one, [Alexis] Sanchez."
