The Sun say wealthy Toffees owner Farhad Moshiri is keen to snap up the Chile international.

Sanchez has now entered the final year of his Gunners contract and isn’t expected to pen an extension.

He was on the cusp of a move to Manchester City on deadline day.

But a transfer failed to materialise with Arsenal unable to source a suitable replacement.

Everton are struggling this season despite splashing the cash in the transfer window.

They axed Ronald Koeman last week and slumped to a 2-0 defeat against Leicester yesterday.