Arsenal star Sanchez was keen to leave the Gunners this summer, with Manchester City his best option.
Arsenal and City agreed a £55m transfer fee on deadline day but the deal fell through when the Gunners failed to sign replacement Thomas Lemar from Monaco.
And the full extent of Sanchez’s proposed contract at City has been revealed.
The Daily Star Sunday claim Sanchez was set to become City’s highest-paid player.
He would have banked a cool £275,000 base salary even if he didn’t play, with bonuses taking that wage up to £325,000 a week.