Transfer News: Arsenal On Verge Of Losing Alexis Sanchez, Manchester United Ends Pursuit of Spurs Star

Arsene Wenger
Arsenal manager Arsene Wenger in Shanghai, China, July 18. JOHANNES EISELE/AFP/Getty

Whether Alexis Sanchez will still be playing in the red of Arsenal come September is one of the most discussed topics of the summer.

Arsene Wenger seems certain he will; the Chilean says he has made his position clear. Newsweek has the latest whispers on where he'll be next season.

Also, Manchester United has ended its pursuit of a rival player at Tottenham, while Spurs may be on the verge of making its first major signing of the summer. All that and more in our round-up of transfer news and rumors:

Wenger took his toughest stance in the Sanchez debate this week, saying the decision had been made and it was "not to sell." But today, The Daily Telegraph says Paris Saint-Germain has reared its wealthy head once again, and is now the favorite to sign the 28-year-old forward, who says he wants to play Champions League football.

Manchester United ongoing chase for Tottenham midfielder Eric Dier seems to have come to an end, the Daily Mirror say, as the north London club is not willing to sell the 23-year-old.

Mauricio Pochettino may, however, be about to sign a midfielder to play alongside Dier in the middle of the pitch for Spurs. According to the Daily Mirror, Ross Barkley is keen on the move to White Hart Lane but wants £150,000-a-week, while Everton is demanding £50 million (about $65 million).

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Spurs is also may have to pay Moussa Sissoko to leave the club this summer, the Daily Mail say, having spent £30 million on him last year. Pochettino was not impressed by the France international.

Across London, in the east end, West Ham are on the verge of signing former Manchester United striker Javier Hernandez from Bayer Leverkusen , the Daily Express say. The deal is believed to be worth around £13 million for the Mexican.

Leicester City is looking to strengthen its team as the 2015 Premier League champion looks to bounce back from a disappointing campaign last season. According to the Daily Telegraph, Leicester leads the way to sign Kelechi Iheanacho , the 20-year-old Nigerian striker, from Manchester City for £25 million.

Lastly, Jack Wilshere 's days at Arsenal seem to be over. According to the Daily Mirror, the 25-year-old midfielder, who spent last season on loan at Bournemouth, has been told he can leave the club this summer.