"We are optimistic, but this has just begun. We are negotiating for Sanchez," Barcelona vice-president Josep Maria Bartomeu told Chilean newspaper La Tercera.
"We know he is a valuable player; that is why there are so many teams after him. We have to continue talking and we will see what is going to happen in the next few days."
Sanchez, who is also a reported target for Inter Milan, Manchester City and Manchester United, is thought to prefer a move to the Nou Camp.
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