Jose in hunt for Sanchez
Alexis Sanchez is the subject of a transfer battle between both Manchester clubs as the Chilean looks ever more likely to leave Arsenal this month
Manchester City could walk away from a deal to sign Arsenal's Alexis Sanchez, with Jose Mourinho refusing to dismiss Manchester United's own interest in the Chilean.
Sanchez has been a long-time target for City but it is understood that the Premier League leaders feel the overall cost to sign the forward this month - including transfer fee, agent costs and wage demands - is currently too high and must come down.
The 29-year-old is out of contract in the summer and City would hope to do a deal for around £20million, yet it is believed they have been quoted £35milliion.
Pep Guardiola's club are unconcerned that their stance opens the door for another club to step, even if that team is their cross-city rivals United.
And Mourinho did little to quash any potential move from United when asked about their possible interest in Sanchez.
"I don't think it's correct to say things about Alexis Sanchez," he said.
"What I can say is that myself and the Manchester United board, we don't believe a lot in the January market. We don't believe in signing players just to sign a player, just to do something.
"What we believe really is that there are some players in the football world, if you have a chance to sign them, it doesn't matter if it is in January, March or July you have to try.
"But in relation to Alexis Sanchez, I don't say a word. The only word I can say is the same word that everybody says; he's a phenomenal player.
"Apart from that, (he's an) Arsenal player, I feel I shouldn't say much more than this."
Mourinho also claimed he now regards his bitter feud with Chelsea counterpart Antonio Conte with "contempt".
The two Premier League bosses have traded barbs since the new year after Mourinho's comment that he did not feel the need to behave like "a clown" during games touched a nerve with Conte.
That sparked an extraordinary war of words between the pair, where Conte accused Mourinho of having "demenza senile", which directly translates as senile dementia, prompting the United boss to hit back by appearing to allude to a four-month suspension Conte served for failing to report match-fixing during his time in Italy.