The Chile international’s current deal with the Gunners, runs out at the end of next season and he has been linked with a summer exit from the Emirates.
According to El Mercurio, Felicevich has now begun talks with Bayern’s officials, with a view to a possible transfer.
The report claims that the Bundesliga champions, would be ready to offer £50million for Sanchez and will offer him a contract worth £11million a year.
Arsenal are reportedly happy with the valuation, as the former Barcelona star only has a year left on his current deal.
Alexis scored 29 goals in all competitions this season for the Gunners.
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