However, with Bayern Munich's talented wingman Douglas Costa said to be closing in on a move to the Serie A giants, Cuadrado may see his game time limited next season.
Sanchez's future has been a relentless source of speculation in recent weeks due to the fact that his current contract is due to expire next summer.
On whether Ozil will stay, Xhaka added: "I think so".
On Sanchez he added: "I hope not [him leaving], of course. He has made many goals, and is also enormously important outside".
However, it appears that Arsenal are not the only English club looking to bring Cuadrado, a former Chelsea player, back to the Premier League, with rivals Tottenham Hotspur giving them "serious competition" according to The Sun.
GETTYGranit Xhaka wants Alexis Sanchez to stay at Arsenal
Alexis Sanchez and Mesut Ozil have both been linked with Arsenal exits. "I have been able to play with many great players, but these two stick out".
Despite this - and the fact that Arsene Wenger has since penned a new 2 year deal at the club - there's been some cause for optimism amongst their supporters this summer, with Arsenal being strongly linked with a move for AS Monaco's Kylian Mbappe.
"Whenever [Bayern executives] have asked me, I've always said that he is the player that needs to arrive here", Vidal said on 21 May.
On his own form, Xhaka said he was pleased with his first season in the Premier League, despite the criticism he has received from some.
Mattias is ESPN FC's Arsenal correspondent.