Milan will launch a January bid for Arsenal's Alexis Sanchez, according to Don Balon .
The struggling Serie A side will look to take advantage of the Chile star being out of contract in June and will offer €85 million in a bid to appease the Gunners, who might otherwise lose him for free in the summer.
Arsenal's Premier League rivals Manchester City and Ligue 1 heavyweights Paris Saint-Germain are among the other clubs circling.
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