Report: United, Sanchez agree to contract worth £14M annually

It's appears to be just a matter of time before Alexis Sanchez's move to Manchester United is finalised.

The Chilean's departure from Arsenal is all but complete after agreeing to a four-and-a-half-year contract worth £14 million annually after taxes, according to Matt Law of The Telegraph.

It's believed the deal between the two clubs hinges on whether Henrikh Mkhitaryan will sanction a switch to Arsenal. If he agrees to join the north London club, it will trigger Sanchez's move to Old Trafford in a deal that will reportedly cost United £60 million based on the £30-million transfer fee, agents' fee, and signing-on fee.

(Photo courtesy: Getty Images)

Sanchez's likely move to United would mark the end to a protracted transfer saga that's persisted since last summer.

Manchester City was initially believed to be the front-runner before dropping out of the race this month over Arsenal's asking price as well as the contractual demands from Sanchez and his representative.

United quickly emerged as the new favourite, but Arsenal was averse to losing Sanchez without a suitable replacement, which led to Mkhitaryan's inclusion in the deal.

Arsenal is also believed to be close to completing a move to sign Pierre-Emerick Aubameyang from Borussia Dortmund, while the club's attempt to sign Malcom from a reluctant Bordeaux side this month may have to wait until the summer.