Sanchez's arrival could spark a new era at Arsenal.

Report: Arsenal close to completing $50 million deal for Alexis Sanchez

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It seems as though Arsene Wenger is getting his wallet out again this summer.

Nope, no more moths will be flying out when he opens it up this summer, as Arsenal’s new-found wealth is burning a hole in his pocket.

Reports in the Guardian suggest that Barcelona’s Chilean forward Alexi Sanchez is close to agreeing his switch to Arsenal and the deal will be completed by the end of this week, or perhaps Monday next week at the latest. A fee of $50 million has been agreed by both clubs and Sanchez’s agents have flown into London to agree personal terms on a four-year deal.

[ RELATED: Arsenal, Liverpool to battle for Sanchez ]

The deal is thought to hinge on Barca’s imminent signing of Luis Suarez from Liverpool, with the only hold up being that the Catalan club want to secure Suarez’s signature before letting Sanchez join the Gunners.

If Wenger does succeed in luring another top talent to the Emirates stadium this summer, just like he did with the $65 million signing of Mesut Ozil this time last year, it will be a huge coup for the North London club as the likes of Liverpool were hot on the heels of the Chilean speedster. Arsenal are finally flexing their financial muscle and are proving they can mix it with the big boys of European soccer once again.

Sanchez was a key member of Chile’s side at the 2014 World Cup as they were knocked out by hosts Brazil on penalty kicks in the round of 16. The former Udinese winger joined Barca in 2011 and has gone on to score 47 goals and added 34 assists in 141 games for the Spanish giants. His ability to play centrally or out wide would fit into Arsenal’s model, as the 25-year-old’s pace would replicate that of Theo Walcott and Alex Oxlade-Chamberlain in the attacking third. Plus, the boy can finish.

Can Wenger pull this deal off early in the summer, much to the envy of the rest of the Premier League?

Sanchez would be a truly wonderful signing for Arsenal and, no disrespect to Olivier Giroud, he’d be the world-class striker the Gunners’ faithful have been pleading for.

VIDEO: Christine Sinclair passes Mia Hamm as 2nd-highest scorer in history

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Christine Sinclair scored her first goal for Canada in 2000, and today, she scored the 159th goal of her international career.

With goal #159, Sinclair passes Mia Hamm as the second-highest scorer in international soccer history, men or women. Abby Wambach’s record of 184 goals is the all-time mark.

[ REPORT: Obafemi Martins to China ]

Playing for Canada in the CONCACAF Olympic qualifying tournament, Sinclair gave her country a 3-0 lead over Trinidad & Tobago to reach 159 goals. They would go on to win the match 6-0.

Sinclair, 32, will look to continue her scoring ways and lead Canada to Rio 2016, as the Canadians search for another medal after taking home bronze in 2012.

Report: Sounders’ Obafemi Martins to join Shanghai Shenhua

SEATTLE, WA - MARCH 08:  Obafemi Martins #9 of the Seattle Sounders FC warms up prior to the match against the New England Revolution at CenturyLink Field on March 8, 2015 in Seattle, Washington.  (Photo by Otto Greule Jr/Getty Images) *** Local Caption *** Obafemi Martins
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The Chinese Super League continues to buy top talent, as Obafemi Martins looks set to join Shanghai Shenhua.

According to a report from the BBC, the Seattle Sounders’ striker will leave Major League Soccer for a “multi-million dollar deal” in China.

Should this deal go through, Martins would join a list of top talents who have moved to the Chinese Super League this winter, including Chelsea’s Ramires.

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Martins has scored 43 goals in 84 appearances for Seattle since joining the club in 2013, named to the MLS Best XI in 2014 and the All-Star team in 2015.

If the 31-year-old was to leave, it would open up a potential starting spot for the USMNT’s Jordan Morris, who signed a record-breaking homegrown player contract with the Sounders last month.

[ MORE: Player ratings from Arsenal’s 2-1 win over Leicester City ]

Before moving to America, Martins played throughout Europe, spending most of his career with Inter Milan and Newcastle. He has earned 41 caps for the Nigerian national team.

At Shanghai Shenhua, Martins would line-up alongside former Premier League players Tim Cahill and Demba Ba, as wells as Fredy Guarin, who joined Shenhua in January from Inter Milan.

VIDEO: Barcelona work brilliant penalty as Messi dishes to Suarez from the spot

BARCELONA, SPAIN - FEBRUARY 14:  Lionel Messi of FC Barcelona celebrates with his teammates Neymar (L) and Luis Suarez of FC Barcelona after scoring the opening goal during the La Liga match between FC Barcelona and Celta Vigo at Camp Nou on February 14, 2016 in Barcelona, Spain.  (Photo by David Ramos/Getty Images)
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Barcelona is really, really good.

With their last loss coming all the way back on October 3, Barca remained unbeaten and put on a Sunday show in La Liga action, thrashing Celta Vigo, 6-1.

[ MORE: Premier League roundup ]

The highlight of the match came in the 81st minute when Barcelona was awarded a penalty. Lionel Messi stepped up to the spot, and did this:

The classic Cruyff penalty kick, it looks so good when it works, but is very risky and could end in disaster. Just ask Robert Pires…

The goal gave Luis Suarez a hat-trick and showed the ridiculous amount of confidence this Barcelona side has right now, as no one in the world has an answer for the Messi-Neymar-Suarez trio.

Pellegrini rues “absolutely wrong” penalty decision in City’s loss to Spurs

MANCHESTER, ENGLAND - FEBRUARY 14: Raheem Sterling of Manchester City protests with referee Mark Clattenburg after he awarded a penalty for his hand ball during the Barclays Premier League match between Manchester City and Tottenham Hotspur at Etihad Stadium on February 14, 2016 in Manchester, England.  (Photo by Alex Livesey/Getty Images)
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Manchester City fell 2-1 to Tottenham Hotspur on Sunday in a massive battle in the Premier League title race.

[ RECAP: Man City 2-1 Spurs ]

While Christian Eriksen‘s late winner was the game’s deciding goal, it was Harry Kane‘s opener from the penalty spot that has caused some controversy.

Tottenham’s Danny Rose whipped in a cross that was blocked away by a jumping Raheem Sterling in the 54th minute. Sterling had his back to the ball, but the cross took a deflection off his elbow and referee Mark Clattenburg signaled for a penalty.

Speaking after the match, City boss Manuel Pellegrini was extremely angered by the decision, saying City were the better side until the penalty changed the flow of the match. Pellegrini also thought back to Tottenham’s win over Man City in September when the same official was in charge when Spurs scored two goals that looked to be offside.

It was a penalty that referee Mark Clattenburg wanted to sign for and he gave the sign. It was absolutely the wrong decision, it hit the back of Raheem Sterling then his elbow. Sterling was not even seeing the ball. It was the same referee in the first game where there were two clear goals in offside and we lost 4-1.

It was the key moment that decided the game; before that they did not shoot towards our goal and did not have any chances. We took the risks, the spirit of the team was good but it was not enough.

The rules regarding a hand-ball have been the topic of much conversation this season, as there seems to be a gray area where officials are forced to make judgement calls, with this decision very harsh.

[ MORE: Three things we learned from Tottenham’s win over Man City ]

Now six points behind leaders Leicester, Manchester City will take a break from Premier League action and play a string of important cup ties. First up is a fifth-round FA Cup match against Chelsea before a long trip to Dynamo Kiev in the Champions League, followed by the League Cup final against Liverpool.