With Sanchez, valued at around £35m ($47.15m) by the Gunners despite having less than six months to run on his deal, destined to leave either this month or at the end of the season, Wright, who briefly worked under Wenger in the late 1990's, thinks Arsenal must buy Mahrez and bank on the Algerian playing out of his skin to help them get back into the Champions League positions without the support of Sanchez and perhaps Ozil, who is still in negotiations with the Gunners hierarchy over his future.
"I was asked this week if I thought Riyad, who has been linked with a move to Anfield, would be the ideal replacement for Coutinho but I couldn't agree".
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Jose Mourinho's club reached out yesterday to the Gunners, testing the water over whether they would be willing to accept £25million for the Chile forward.
And Foxes boss Claude Puel insists Mahrez is not looking to leave the club this month.
That could aid Mahrez's wish of moving to north London with a deal for the Algerian appearing easier to pull off than a move for Lemar.
GETTY Manuel Lanzini could be the creative spark Liverpool turn to to replace Philippe Coutinho
Arsenal really is the natural fit for Mahrez, where he could play in the same position as Sanchez but be more of a creator for Alexandre Lacazette than Sanchez is.
The 26-year-old was named PFA Player of the Year after helping to inspire Leicester to a remarkable Premier League title triumph, but then regressed somewhat as he sought a switch elsewhere.
Benzema has failed to show his best form this term and that has coincided with Real slipping 16 points adrift of La Liga leaders Barcelona.
He has made no secret of his desire to move on and will be open to offers during the winter window.
According to Spanish outlet Diario Gol, Benzema has received a number of interesting proposals in case he does up sticks.
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