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Manager Arsene Wenger confirms £320,000-a-week star will be at Arsenal next season

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Arsenal manager Arsene Wenger insists that striker Alexis Sanchez will not leave the club this summer.

Recent reports have claimed that Manchester City are ready to offer a £320,000-a-week contract to the Chilean.

But the Frenchman is not amused with all the speculation surrounding the 28-year-old.

"My mind has been made up for a while now," Wenger told reporters.

"I think I've made it clear a few times that this is my stance [he will stay at Arsenal].

"Sanchez has got one year to go on his contract and we have no need to make money. He will be part of the team next year and after that I can understand it.

"We are in a strong financial situation so we want to keep our best players. Has he asked to leave? No."

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