Manchester City will have to pay around £40million to sign Frankfurt striker Luka Jovic this summer, that’s according to

Jovic is on a two-year loan in Germany from Benfica but Frankfurt are ready to trigger an option to make the move a permanent one for a fee of just £5.3million.

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Pep Guardiola is keen to alleviate some of the pressure on Sergio Aguero by signing a back-up forward but City have been put off by Frankfurt’s £40m valuation of the 21-year-old Serbian.

A long-term replacement for Fernandinho is a priority for Guardiola this summer.

The club have failed in their last two bids for a central midfielder with Jorginho and Frenkie De Jong choosing Chelsea and Barcelona respectively.

Guardiola still has around £60m left over from last summer’s budget after their failure to sign Jorginho and will be handed significant funds again at the end of the season.

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Benjamin Mendy’s ongoing fitness issues have been an area of concern throughout the season and could force City into the market for another left-back.

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