The 32-year-old joined the Nerazzurri on a permanent basis in the summer of 2020 after leaving Manchester United, but he has struggled to become a mainstay of the Inter setup.
Sanchez did chalk up seven goals and seven assists from 30 games in the 2020-21 Serie A season, although he was only named in the starting lineup 12 times amid his injury woes.
According to Inter Live, the Serie A champions are desperate to offload Sanchez in order to free up some funds, with the attacker currently pocketing €7m (£6m) per season in Italy.
The report adds that the former Arsenal man would be willing to take a pay cut in order to leave, and a return to Spain with either Sevilla or Real Betis has been mooted.
Sanchez boasts a total of 11 goals and 19 assists from 71 games in an Inter jersey, and his contract with the Scudetto winners is due to expire in 2023.