The two teams were reportedly given an ultimatum by Fiorentina yesterday, stating they needed to launch a bid for the 23-year-old by the end of the week or risk missing out.

It seems City have decided to act quickly to beat their Premier League rivals to the young star's singnature.

The Citizens have already splashed out £45m on Brazilian midfielder Fernandinho and Spanish winger Jesus Navas. The signings of Negredo and Jovetic would take their spending close to the £100m mark.

New reports in Italy state The Citizens are close ti finalising a deal for Jovetic, with Viola representatives on their way to Manchester to finish the deal.

The transfer fee agreed by Fiorentina is reported to be around the £25m mark and will include performance related bonuses.