Manchester City are looking to close a deal for Ferran Torres from Valencia.
The Sky Blues are looking to rebuild their team following a failure to defend their Premier League title.
City have the small matter of the Champions League knockouts before next season begins.
But Sky Sports News suggests they are already active in the market, and hope to wrap up the signing of the 20-year-old in the coming days with an offer of £20.9 million plus bonuses.
The Spain under-21 international has scored four goals in 34 games this season.
