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Transfer rumours and paper review – Thursday, June 29: Man City favourites to sign Sanchez, Man United miss out on Monaco star and MORE!

Here are the top football headlines and transfer-related stories in Thursday's newspapers...

Manchester City have become the favourites to sign Alexis Sanchez after Bayern Munich were put off by the Arsenal forward's wage demands. Sanchez wants £350,000-a-week to leave the Gunners, who will ask for around £50million for the Chilean even though his contract expires in 12 months. (Daily Mirror)

The Gunners are already lining up a replacement for Sanchez with Monaco winger Thomas Lemar top of their list and a bid already submitted. FULL STORY HERE

Chelsea could make a last-ditch attempt to swipe defender Kostas Manolas from under the noses of Zenit St Petersburg, after a £26m fee was reportedly agreed with the Russian club.