The Argentine has been linked with a surprise move to the Gunners amid City’s pursuit of Sanchez, though he would presumably also have his pick of other top European clubs.
Having long been regarded as one of the best strikers in the world, Aguero may well feel he could earn more money and win more trophies elsewhere, though Nicol isn’t so sure other elite sides would take him right now.
The 29-year-old scored 33 goals in 45 games last season, but wasn’t always first choice for Pep Guardiola, especially since the emergence of youngster Gabriel Jesus in the second half of the season.
Speaking about Aguero’s situation, Nicol more or less advised the player to consider that a move to the Emirates Stadium could make sense for him at this stage of his career.
‘I don’t think he wants to stay at City if Gabriel Jesus is going to play ahead of him,’ Nicol told ESPN.
‘At the same time, he’s a world class striker. There are some big teams out there who I believe would want him.
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‘Do they have space right now? I don’t think so, Bayern certainly don’t need him, Madrid don’t need him, Barcelona don’t need him, PSG have (Edinson) Cavani.
‘So if he wants to move maybe Arsenal is his best choice at the moment.
‘Is it possible? Yes it is. It’s up to the two sides to get together and I don’t see why (Arsene) Wenger wouldn’t want it, I don’t see why Pep wouldn’t want it. So really, it comes down to finance.’