Wenger confirms Sanchez will stay at Arsenal

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But Arsenal blew Chelsea away with a sensational display, Aaron Ramsey's 79th-minute victor securing a 2-1 win that brought the beleaguered Wenger a record seventh success in the competition.

The last time Arsenal took part in the second-tier competition was in the 1999/2000 season, where they lost on penalties to Galatasaray in the final.

Manchester City were said to be ready to spend big on Sanchez, although Wenger decided against cashing in on the striker, who has since returned to training at London Colney.

That fact, allied to the new offer from Arsenal, suggests that Sanchez will remain at the Emirates this season.

The 28-year-old was due to resume training with his Arsenal team-mates on Sunday, but he was unable to fly back to London until Tuesday after going down with the flu.

Sources tell ESPN that Neymar's five-year contract is set to pay him €30m per year after taxes, an outlay Wenger says is "out of normal society". I had him on text saying he'd come back as soon as possible. "He's staying, of course".

The Gunners boss is expected to play hard-ball with Sanchez as he does not want to lose his talisman to Premier League rivals Manchester City.

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Arsenal manager Arsene Wenger believes midfield duo Aaron Ramsey and Mesut Ozil should be "okay" for their FA Community Shield clash at Wembley this weekend.

"The clubs are not in a position where they can afford to do it".

"I think it is an ideal situation". The frame of mind of a football player is quite easy. The question of how Wenger addresses the season, in particular the club's new Thursday commitment in the Europa League, is critical especially with Jose Mourinho having used it last season as an alternative route to the Champions League when his team failed to break the top four. "I think 99 per cent of the clubs do that - but of course we can not compete at that level".

Losing Sanchez without a fee would be seen as a huge loss for a player who could command a huge price-tag even in the final year of his contract.

For me, it is the outcome of the ownerships that have completely changed the whole landscape of football in the last 15 years.

Arsenal beat Chelsea on penalties to win the Community Shield this afternoon, and did so without Ozil, Ramsey and Alexis Sanchez, who only recently returned to the United Kingdom from Chile.

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