Arsene Wenger failed in an attempt to take the England international to the Emirates Stadium in the summer but wants to revisit the potential swap deal when the transfer window re-opens.
Pep Guardiola refused to sanction Sterling’s exit after Arsenal asked about including the former Liverpool star in City’s bid to land Sanchez.
Manchester City are preparing another move for Alexis Sanchez in January
City are preparing another move for the Chilean in January and the Gunners remain keen on landing Sterling as part of any potential deal.
Sterling has been a revelation for City this season, scoring 10 goals and delivering two assists to become a key part of Guardiola’s plans.
With that in mind, it remains to be seen whether Guardiola would even consider allowing Sterling to leave the Ethihad.
Nevertheless, that will not prevent Arsenal from making a second attempt to bring Sterling back to London in January.
Arsenal manager Arsene Wenger wants to revisit potential swap deal for Sterling