Manchester United have signed Alexis Sanchez from Arsenal, in a swap deal with midfielder Henrikh Mkhitaryan.

Chile forward Sanchez, 29, who almost joined Manchester City last summer, has signed a four-and-a-half-year deal worth £14m a year after tax.

City ended their interest last week as they felt making him their best-paid player may affect team spirit.

Mkhitaryan, 29, moves in the opposite direction to Sanchez after scoring 13 goals in 63 appearances for United.

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