Speculation over Alexis Sanchez's Arsenal future shows no signs of slowing down, with Atletico Madrid the latest club to be linked with the striker.

Media reports in Sanchez's home nation of Chile, such as ​El Grafico de Chile, have alleged that the La Liga outfit have made the 28-year-old their number one transfer target in the upcoming summer transfer window.

Atletico's own star striker, Antoine Griezmann, has consistently been linked with a move away from the Vicente Calderon stadium, and it has been suggested that they could replace the France international with Sanchez, whose contract dispute with Arsenal has continued to rumble on.

Arsenal v Crystal Palace - Premier League

The ex-Barcelona star has been locked in negotiations with the Gunners' hierarchy for months now over a new deal that would extend his stay in London, but a increase to his wage packet is believed to be the significant hold-up that is preventing an agreement being reached.

Atletico are now said to be seriously monitoring Sanchez's situation at the Emirates. However, if Arsenal are unable to pay the reported £250k-a-week that Sanchez is apparently demanding, it is extremely unlikely that Los Rojiblancos would be able to do so, given the vast sums of cash currently swelling the coffers of every Premier League club.

Another possible sticking point in any deal to bring Sanchez back to Spain's top division would be the transfer embargo imposed on Atletico by FIFA - though El Grafico does stipulate that football's world governing body may ease the sanctions on the Spanish side at the end of the season.

Champions League runners-up Atletico have struggled for goals at various points this term, and making a move to sign Sanchez would go some way to addressing this current issue within manager Diego Simeone's ranks.

Sanchez has netted 15 times in all competitions so far in 2016/17, with 13 of those coming in England's top flight, and has plundered an impressive 57 goals in just 119 appearances since he traded Barcelona for Arsenal in the summer of 2014.

Arsenal's Premier League title rivals Manchester City, as well as Juventus, PSG and clubs in the Chinese Super League, also remain interested in Sanchez.

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