Manchester City to make £39m bid for Valencia defender Joao Cancelo?

Manchester City have reportedly decided to make an official approach for Valencia defender Joao Cancelo.

During the most recent campaign, Cancelo has spent a loan period at Inter Milan with 26 appearances being made in Serie A.

Cancelo would allegedly prefer to remain in Italy for a longer spell but according to Top Calcio, the 24-year-old will have offers from elsewhere.

The report claims that City are prepared to spend £39m to win the race to sign the Portugal international, who is also said to be a target for other teams in the Premier League.

Manchester United and Wolverhampton Wanderers are allegedly willing to spend big to strengthen their squad with the acquisition of the full-back.