Many were left shocked ahead of Arsenal’s encounter against Liverpool at Anfield on Saturday as star man Alexis Sanchez was omitted from the starting lineup and it has been reported over the last 24 hours by various media outlets that the Chilean international was dropped by manager Arsene Wenger as punishment for his training ground bust-up with teammates.

Wenger was naturally questioned regarding such huge claims about Sanchez ahead of Arsenal’s Round of 16 Champions League second leg clash against Bayern Munich but the veteran boss categorically denied the reports by stating that the alleged falling out has been fabricated by the media.

The Frenchman replied when asked about the bust-up with Sanchez, “I am not aware, nothing at all. I explained after the game I decided to go for a more direct option, that was the unique reason for my decision.

 “Completely false. I understand you have to fill newspapers. All the rest, his attitude - he’s a committed player and sometimes has excessive behaviours but you have that many times in the history of every squad.

“I shook hands with him on Saturday morning and after the game. You decided I did not shake hands. I shake hands everyday with Alexis Sanchez.

“That is the most important thing, that we focus on what’s important and not the individual. Alexis played in all the games and when we didn’t perform away from home, we lost as well.

“We lost at Man City, Liverpool, and Chelsea, and that’s what I think is the most important thing, to focus and produce as a team.”

Arsenal’s starting lineup ahead of their clash against Liverpool at Anfield sent shockwaves after it was revealed that star man Alexis Sanchez was excluded.

When queried about the strange decision ahead of the game, manager Arsene Wenger told that Sanchez was dropped in favour of Olivier Giroud in order to adopt a more direct style of play but the move certainly backfired.

Speculation surrounding the long term future of Arsenal manager Arsene Wenger simply refuses to die down and there have been varying reports from many media outlets regarding whether or not the Frenchman will continue his reign at the Emirates Stadium beyond the end of the current campaign.

Due to the uncertainty, a number of high profile managers have already been mentioned as potential replacements for Wenger and Juventus boss Max Allegri is a name that has been in the forefront in many newspapers.

Now in an exclusive from the Daily Express, revelations can be made that Arsenal have already begun their pursuit to lure Allegri to North London by beginning negotiations with the Italian manager and although an agreement has not been reached, talks are allegedly at an advanced stage.

According to reports from the Daily Telegraph, under pressure Arsenal manager Arsene Wenger has rejected a mindboggling £30 million-per-year offer from the Chinese Super League.

Wenger is currently nearing the end of his contract at Arsenal and as a result, an unnamed Chinese club was reportedly prepared to splash the cash in order to lure the veteran manager to the Far-East.

However, the 67-year-old has not been tempted by the contract and is currently mulling over whether to extend his stay at the Emirates Stadium.

Arsenal owner Stan Kroenke has tabled a two-year contract extension offer to Wenger, which includes a 25 per cent increase from around £8m-a-year to around £10m-a-year and the Gunners chief is desperate for the Frenchman to accept the new terms.

Arsenal fans will surely not be happy with the improved contract handed to Wenger after perceived failures in the Premier League title race and the Champions League in recent years but it is not clear if the veteran boss will accept the offer from the Gunners as he is clearly not making his future decision on the basis of financial gains after rejecting China.

Superstars Alexis Sanchez and Mesut Ozil are both entering the final year of their respective deals at Arsenal and there is understandably a sense of worry among the supporters about the two players’ long term future at the Emirates, as the club hierarchy seem to be reluctant on matching the duo’s wage demands.

Now Arsenal chief Sir Chips Keswick has provided an update to the contractual situation regarding both Sanchez and Ozil, and has indirectly stated that the club will not be held ransom by extortionate salary requests from any player no matter how important.

Sir Chips said, "We have continued to invest in the region of key players. Francis Coquelin, Hector Bellerin, Laurent Koscielny and Olivier Giroud have all signed new contracts, while we have taken up options to extend the contracts of Per Mertesacker and Santi Cazorla.

"Further work is required in the area of contract renewals and we will continue to invest rationally in our squad retention. As expected, increased Premier League broadcasting revenues have had a direct impact on player costs both in terms of transfer prices and player wage demands.

"While these are market forces that have contributed directly over time to the success of the Premier League, I would sound a note of caution in light of the very material contractual commitments to future wages that clubs are taking on."