The winger has been one of the Premier League’s star players since moving to north London from Barcelona for around £35m in the summer of 2014.
The Chilean has scored 36 goals in 80 games to become a fans’ favourite at the Emirates Stadium.
Arsenal’s stuttering form this season had sparked rumours Sanchez could be off this summer, with Real Madrid interested. However, according to TMW, the 27-year-old – who missed two months of the season with injury – is happy at Arsenal and has no plans to leave at the end of the season.
Arsene Wenger said last week that he expects both Mesut Ozil and Sanchez to pen new deals at the Emirates this summer. But former Udinese playmaker Sanchez has two years to run on his current contract and is more likely to consider his future in the summer of 2017.