Sanchez featured as a substitute in Tottenham’s 2-2 draw at Brentford last weekend but is on the chopping block.
He is in the final year of his contract and Spurs are very much keen to move him on for a transfer fee this summer.
Much to the annoyance of Tottenham, the Colombian rejected a move to Spartak Moscow earlier in the window but there were suggestions that Monaco are set to put in a bid for him.
But according to French sports daily L’Equipe (print edition), Sanchez will not be seen in Monaco colours before the end of the transfer window.
The Ligue 1 giants are in the market for a centre-back but Sanchez is a player they are not interested in.
It has been claimed that Monaco have denied wanting to take the defender to the Principality this summer.
Tottenham are desperate to find a new club for Sanchez as the club are also keen to bring in one more centre-back.