Arsenal have agreed several high-profile transfers to rival clubs in recent years but Wenger says he is not anxious that the Gunners are becoming a "selling club". Sanchez is now the best paid player in the premier league earning £350,000-a-week at United.
But Wenger defended Sanchez's decision and revealed the 29-year-old was prepared to play for the club against Crystal Palace last Saturday before the deal with United was finally struck.
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"The chance to play in this historic stadium and to work with Jose Mourinho was something I could not turn down".
After arriving at United, the 29-year-old was thankful to the Gunners, with whom he spent three-and-a-half years having signed from Barcelona, but felt the chance to play for the 13-time Premier League victor was simply too good to turn down.
"I have spent three-and-a-half wonderful years at Arsenal and I bring with me very positive memories of that great club and its fans".
Mkhitaryan, who British media said had signed a 3-1/2 year contract at The Emirates, was a regular in United's first XI at the start of this season but fell out of favour under Mourinho and had started only one of their past 13 league games. "He is a player that we will not forget, especially for his contribution to our Europa League victory", added Mourinho.
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Sanchez is not cup tied as he did not feature for Arsenal in their 4-2 defeat to Nottingham Forest in their third round of the FA cup and therefore eligible to play in the fourth-round tie at Huish Park.
"I'm very happy that we could finish this deal and I'm very happy to be here".
"Henrikh is a complete player".
The Sanchez-Mkhitaryan deal is the latest move of a January transfer window during which Liverpool sold Philippe Coutinho to Barcelona for €160 million and signed central defender Virgil Van Dijk from Southampton for £75 million.
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"I must say I always gave 100%, until the last day, when I asked to the Mister [Wenger] to be in the team, because I wanted to be a contributor".