Financial Fair Play ruined any hopes of signing the player from Barcelona, however.
When it became clear he would be leaving Barcelona in the summer, Manchester City boss Manuel Pellegrini was keen to sign his fellow Chilean.
However, the £30 million asking proved proved to be the stumbling block and the Premier League champions were limited as a result of the sanctions placed upon them by UEFA and Financial Fair Play.
“It wasn’t easy. He was a very expensive player in that moment,” said Pellegrini.
“Barcelona sold him to Arsenal but I am sure Alexis can play everywhere.”
It was not the first time that City had been interested in the Chilean, however, with them reportedly wanting to sign him ahead of Barcelona when he was at Udinese. However, that time, the lure of Spain proved too strong.
At the time, Sanchez was reportedly higher on the list of targets than Sergio Aguero but, when Manchester City realised Juventus were chasing the Argentine - and Sanchez had set his heart on Barcelona -they moved quickly to secure his signature.
They eventually paid £38 million to Atletico Madrid for his services and he has proved worth every penny since, becoming a lethal Premier League striker and helping them win the Premier League title on two occasions.