Manchester City agree a fee with Valencia for Ferran Torres in a deal which could rise as high as £31.8million, according to report.
Torres has just one year left on his contract at Valencia and he has made it clear that he wants to leave.
The La Liga club had been holding out for £40m for the highly-rated 20-year-old.
City emerged as the frontrunners for his signature, with Pep Guardiola desperate to bring in a replacement for Sane.
And it appears as though the City boss has got his man with a fee being agreed between Valencia and the Premier League side, according to The Telegraph.
It is claimed City will pay an initial fee of £20.9m with a number of add-ons totalling £10.9m.
Torres has established himself as a regular at Valencia this past season, scoring four goals and providing five assists in La Liga.
Now personal terms are the only thing standing in the way of City securing their first signing of the summer.
Nathan Ake pursuit
Guardiola keen on signing a new defender after having series of defensive issue in the just concluded 2019/20 season and Nathan Ake is the main target
City will now step up their pursuit to sign Bournemouth defender Nathan Ake after agreeing a deal for Ferran Torres.
The 25-year-old is expected to leave the Vitality Stadium after Bournemouth were relegated from the Premier League on the final day of the day.
Chelsea have a £40m buy-back option and Frank Lampard has been tipped to make some improvements to his back-line this summer.
But Guardiola is equally keen to bring in a top centre-back to become Aymeric Laporte’s regular partner.
City have had just three senior recognised centre-backs this season after club legend Vincent Kompany left last summer.
Laporte is seen as the first-choice option, but he has struggled with a number of injury issues since his big-money move.
Nicolas Otamendi was the most used centre-back in the Premier League, but he only managed 18 starts while John Stones has struggled to maintain a regular spot in the first team.
Fernandinho was often moved back to centre-half but Guardiola wants a more recognised central defender to come in with Ake potentially available at a cut-price.