Sanchez will receive a payout from United, for cancelling his contract which still has two years to run.
The details of the payout have not been disclosed, but the value of the remaining two years in wages is around £55m.
The 31-year-old has been at Inter on loan since August 2019, with United still paying a large portion of his £560,000-a-week salary.
When asked about a potential Sanchez move after United’s Europa League 2-1 victory over LASK on Wednesday, Solskjaer said: “I can confirm that he’s agreed and we’ve agreed. Alexis enjoyed his time there.
“They’ve liked him, so of course that’s a good move for him. Wish him all the best. He’s a top player, that we want to see play his best football.
“For whatever reason we didn’t see the best of Alexis, but he’s a top professional and we just wish him all the best.”
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