Sanchez nearly signed for City in August only for a deal to collapse at the last moment with Arsenal unable to persuade Thomas Lemar to join from Monaco.
The Chilean is now into the final six months of his contract, and is being targeted for a move this month by both Manchester United and Man City.
Against the odds, Alexis Sanchez may still be on the move to Manchester this month - but not to the Etihad.
"No player would say, "Oh I hope he doesn't come".
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"We all know what he did at Arsenal, Barcelona and before that Udinese".
A reunion between Sanchez and his former Barcelona boss Pep Guardiola at City has always been touted, with the Premier League leaders reported to have tabled a £20million for the Arsenal star, who is out of contract at the end of the season.
It is to be seen where Sanchez ends up joining but it is for certain that the Chilean will not be an Arsenal player at the start of next season.
Wenger wants the matter sorting out as quick as he can, he said: "Of course I want a quick resolution".
Arsene Wenger, the Arsenal manager, admitted for the first time yesterday that Sanchez would not extend his contract, which expires at the end of the season, and United have now emerged as serious potential buyers.
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And on his war of words with Chelsea boss Antonio Conte who referred to him as "a little man" this week, he said: "When a person insults another, you can expect a response or you can expect silence".
Additionally, City feels that Alexis' wage demands are also too high and look to be playing big dog with both Arsenal and their man over how much their willing to spend on the Chilean striker.
"I understand that the other teams try to kill the other teams and to anticipate the situation, and this is the real transfer market - not to wait until the last moment to buy the players".
Guardiola stayed tight-lipped about City's interest, ahead the of the Premier League leaders' trip to Anfield on Sunday. I am focused on Liverpool.
"I don't know [where he will go], you have to ask him which is his choice".
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Guardiola said: "When we play Basel in the Champions League, he could be ready".
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