Sources on Thursday said the Gunners had accepted an offer of £55 million plus a further £5m in add-ons for Sanchez, but the deal was dependent on Arsenal finding a replacement.
But the failure to bring Lemar in was just one of a number of shortcomings for Arsenal in the window.
Chelsea complete Davide Zappacosta deal
Meanwhile, BT Sport pundit James Horncastle says the signing of the 25-year-old seems like a panic buy by the London club. The full-back joined Torino from Atalanta in 2015 and made 29 Serie A appearances last season.
Bears' Cameron Meredith Suffers Gruesome Knee Injury; ACL Tear Suspected
Rookie quarterback Mitch Trubisky will start the Bears' exhibition finale against the Browns on Thursday at Soldier Field. Meredith signed with the Bears in 2015 as an undrafted free agent and had a breakout season a year ago .
PV Sindhu loses final at World Badminton Championships, wins silver
Nozomi exhausted out Sindhu by prolonging the rallies as the Hyderabadi tried to close the points quickly and made errors. PV Sindhu had made her way into the finals of World Badminton Championships by defeating China's Chen Yufie 21-13, 21-10.
He scored 14 goals in all competitions last season, his second at the club, and played a significant role as they won the French championship and reached the Champions League semi-finals. "I was focused on my match, that was all that mattered for me", added the winger who still has three years to run on his contract at the Stade Louis II. You have to respect what really happens on the negotiation side.
He had been strongly linked with a big-money move to the English Premier League, with both Arsenal and Liverpool both credited with firm interest.
Much will also depend on how Monaco fare this season after selling a string of stars such as Kylian Mbappe, Tiemoue Bakayoko, Bernardo Silva and Benjamin Mendy.