It emerged this week that City had decided not to pursue their interest in signing Sanchez.
"So every player you then phone about has miraculously gone considerably up in value because they'll say "well if he's worth that our players must be somewhere near as good as that".
The Arsenal manager hopes those deals, which follow the sale of Theo Walcott to Everton, will allow his players to focus on their performances rather than being distracted by the transfer sagas. "We wish him all the best".
Anthony Martial proved the match-winner for Manchester United as Jose Mourinho took time off from his high-profile pursuit of Alexis Sanchez to mastermind a 1-0 victory at Burnley in the Premier League on Saturday. Mourinho, however, stated that he is unaware of how close they were in completing the deal.
Wenger played coy when asked about Arsenal's €50 million (£44m/$61m) bid for Borussia Dortmund forward Pierre-Emerick Aubameyang, insisting "nothing is happening" at the moment .
But, in common with Arsenal counterpart Arsene Wenger, Mourinho was optimistic the two-way transfer was either on the verge of completion or collapse, with a decision fast-approaching.
Mourinho said he was not involved in the negotiations and, like everyone else, was waiting to be updated on their progress.
Signing the Armenia global would soften any blow suffered by the loss of Sanchez, who is out of contract in the summer and could walk away then for free.
"We know that when we can put him [Martial] in the one-on-one situation with the full-back [Phil Bardsley], it's hard for the full-back because he has so many attributes - he can go inside, he can go outside, he can shoot to the far post and he can shoot like he did today to the front post. He's an Arsenal player, he's not my player, there's no point in me speaking about something that may or may not happen".
While Mourinho wants more competition in attack, his defence continues to perform well with second-placed United, 12 points adrift of runaway league leaders Manchester City, yet to concede a goal in 2018.
"I like the player", he said of Mkhitaryan. "(Vincent is) much better. He appreciates the quality of our games and the way we play football.
Guardiola is likely to use either defensive midfielder Fernandinho or right-back Danilo as a makeshift leftback on Saturday.