The decision cane by mutual consent.
All that is left now is official details before it is signed into effect.
The move will now see Sanchez become a free agent.
French club, Olympique Marseille, are believed to be on the look out for a striker and are eyeing up a deal for the forward.
Alexis Sanchez joined Inter from Manchester United on a free transfer in August 2020 on a 3yr deal.
In his time with the former Serie A Champions, Sanchez has racked up 87 appearances.