Arsenal manager, Arsene Wenger, has refused to confirm that the club has offered Alexis Sanchez a new £300,000-per-week contract.
Reports in the English press on Thursday, claimed that the Gunners are ready to make the Chile international the highest-paid player in the Premier League, to ward off interest from potential suitors.
“I cannot confirm that we have offered that,” Wenger told a news conference on Friday.
“We have to consider our financial potential to sustain the wages of the whole squad.
“What is for sure is that what is paid per week today is what 20 years ago was paid per year.”
Alexis is one of the six nominees for the PFA Player of the Year award having scored 18 goals and laid on 10 assists in the league this season.