The 32-year-old former Argentina international is yet to
agree personal terms with the Premier League club, though further talks are set
to take place on Wednesday.
Manchester City have agreed a deal in principle with
Atletico Madrid for centre-back Martin Demichelis, Goal understands.
City have negotiated a fee of around €4.1 million up
front, plus a further €580k in add-ons, with the Liga club.
Personal terms are yet to be agreed with the Argentine
defender, though further talks are scheduled for Wednesday as the Premier
League side look to recruit cover for the injured Vincent Kompany.
The Belgian limped out of the 4-0 win over Newcastle
United in City's first league game of the season, and with Matija Nastasic also
sidelined through injury they were forced to field Javi Garcia alongside Joleon
Lescott Cardiff City on Sunday, a game they lost 3-2.
Sources close to the deal revealed that City officials
were reluctant to pay over €2m for the defender as recently as last week, but
the club are now hoping to push through a move for double that price.
Demichelis only joined Atleti on a free transfer from
Malaga in July, but has been singled out by Manuel Pellegrini, his former
manager at La Rosaleda, to bolster his defensive ranks at the Etihad Stadium.
The pair also worked together at River Plate in 2002-03,
before Pellegrini moved to Europe to take charge of Villarreal.
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