Sanchez is allowed to talk to foreign clubs in January ahead of his contract expiration however Manchester City would have to risk losing out if they were to sign him for a free transfer.
Wenger said that there was no deadline on reaching agreement but, when asked if he could "cut" his losses in January, he said: "Once you are in our situation, you envisage every solution".
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The Election Commission of India is set to announce the dates for the Himachal Pradesh Election 2017 at 4 PM on Thursday evening. Without waiting for the announcement of the polls dates, political parties have already begun their poll campaigns.
Ozil has repeatedly insisted he is happy in London, where he recently bought a new house, but has also called on Wenger to buy reinforcements in the past. "It's possible", Wenger said.
"I always said that when we didn't find an agreement a year ago that doesn't necessarily mean that the player will leave".
"I hope the situation can be turned around".
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But three players did not join the team on the field during the anthem on Sunday. Whenever you're dealing with the flag, you're dealing with something different".
Sanchez was involved in Chile's 3-0 defeat to Brazil on Tuesday night, with the Gunners player unable to help his national team to the World Cup despite playing the full 90 minutes. Arsenal are now six points off the Premier League leaders after signing just two players this summer - striker Alexandre Lacazette and left-back Sead Kolasinac.
Of Sanchez's potential availability on Saturday against Watford, Wenger said: "I will have to speak with him, I watched the whole game [ against Brazil]".
"Mentally, I will have to assess the situation when he comes back tomorrow (Friday)". It was a very physical game.
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However, it was kept secret on both sides of the Atlantic over fears her 12-year-old son Jojo may have also died in the blast. A court in the U.S. heard that Hussain had used social media messages to convince people to become involved in terror plots.
"It's a possibility. He's courted by many teams", Alves said.