Bayern chief Ancelotti sets his sights on Sanchez
Carlo Ancelotti has confirmed Bayern Munich's interest in Arsenal forward Alexis Sanchez, but insisted that the club will not pay "crazy money" to prise the Chilean away from the Emirates.
Sanchez, currently on duty with Chile for the Confederations Cup, has refused to sign a new deal at Arsenal and is out of contract next summer as talks over an extension continue to stall.
The player has been heavily linked with a move away from north London, with both Bayern Munich and Manchester City touted as potential destinations.
Despite reports suggesting that the Bundesliga champions had dropped their interest in Sanchez, Ancelotti has seemingly opened the door to a summer raid for the 28-year-old.
When asked about the reports linking Sanchez to the Allianz Arena, Ancelotti said: "If an opportunity comes up, the club will be ready. There are lots of rumours. Alexis is a great player but not the only one in the world. I like Alexis.
"There are possibilities in the transfer market, which can be in many direction. I believe that the market is currently somewhat crazy - and Bayern is not a crazy club. I know the culture of this club and will not ask for any players for whom the club has to spend crazy sums, but if there are opportunities, why not?"
Sanchez said on Friday that a decision has been made on his future but wouldn't confirm it.
"Yes it's clear, but I can't tell you," the forward said ahead of Chile's Confederations Cup final against Germany.
Arsenal boss Arsene Wenger has said Sanchez will not be allowed to leave this summer and he would rather see the player leave on a free transfer at the end of his contract next year.
The club's record buy, Mesut Ozil, is in the same position.
There were reports last season claiming the pair wanted parity with the Premier League's top earners before signing for fresh terms.