Manchester City have opened discussions with Wolfsburg over the £40million signing of Kevin De Bruyne.
City have outlined a five-year deal with the option of an extra year for the 24-year-old midfielder. What remains is for Wolfsburg to agree the fee.
City accept they may have to pay around £50m for a player Chelsea sold for £18m in 2013.
Paris Saint-Germain and Juventus have shown interest but both are chasing other targets.PSG remain intent on signing Manchester United winger Angel di Maria and Juve want Julian Draxler from Schalke.