The Chilean forward is set to become the Premier League's highest-paid player at United
"I'm very happy that we could finish this deal and I'm very happy to be here", he said.
United will pay a £20m transfer fee to Arsenal and £15m to the player's agent Fernando Felicevich.
Throw in the fact that the wages of Henrikh Mkhitaryan are off the United wage bill as he moves to Arsenal as part of this deal and the reality that the £300,000-a-week wages of veteran striker Zlatan Ibrahimovic's will also be removed in the coming weeks as he considers offers to move to America's MLS and the cash pot to fund this transfer is revealed.
Sky Sport News showed Armenian worldwide Mkhitaryan at a central London hotel on Saturday evening alongside agent Mino Raiola ahead of his expected move. One example came in a Champions League last-16 match at Bayern Munich, when he was seen crouching near the touchline - a long way from any other Arsenal player - looking utterly fed up as the German side scored its last goal in a 5-1 win.
United's rivals Manchester City had tried to sign Sanchez in the summer and revisited the possibility in this window only to pull out due to the rising costs.
La Tercera said Alexis had become a "collector of top bosses" having also played under the Argentine Marcelo Bielsa in the Chilean national team, Diego Simeone - while on loan to River Plate - and Pep Guardiola at Barcelona.
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"That can happen when top players come in, those around them lift their levels, and there will be some hard selection decisions for Jose Mourinho".
Sanchez spent three years at Barcelona, winning La Liga in 2013.
Mkhitaryan was substituted at halftime of his first league start for United, setting the tone for what has turned out to be a disappointing spell after arriving in English soccer for $33.5 million and with a big reputation in 2016. "Celebrating with my boys", the Armenia global tweeted under the photo. "And I told him that it was my dream to come here to United". He did score when United won last year's Europa League final and will aim to help Arsenal progress from the last 32 in that competition.
Mkhitaryan has been a marginal figure at United in recent months, with Jesse Lingard starting ahead of him behind Lukaku. He creates chances, he defends well, he can absorb distances and he's very committed as well. "I must say he's a player who has all the attributes". He has five goals in 39 league appearances for United, rarely completing 90 minutes.
He will join up with his new United colleagues on Tuesday when they begin preparations for Friday's FA Cup fourth-round tie at Yeovil Town, following two days off after the weekend win over Burnley.
The Chile forward, 29, will become the club's best-paid player on nearly £600,000 a week - a basic wage of £350,000, £100,000 image rights and £144,000 in bonuses.
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