Manchester City are set to make a cut-price £20 million bid for Alexis Sanchez in January, according to the Mirror .
Pep Guardiola made several approaches for the Chilean over the summer, but was rebuffed by Arsenal who were unwilling to sell their star striker.
But with Alexis' contract up in June, City hope to seal a bargain deal if Arsenal wish to avoid losing him on a free transfer.
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