Manchester City looks set to sign Willy Caballero from Malaga to serve as backup to Joe Hart, with the player ready to travel to the club to finalize negotiations, Mirror reports.

The two teams have reached an agreement over a £6 million deal for the goalkeeper with the offer having the potential to rise to £10million depending on his appearances and squad success.

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Manuel Pellegrini looks to have successfully lured the 32-year-old to the Etihad after having worked together during their time at Malaga, before the Chilean manager made his switch to England.

Caballero was also being chased by Monaco and Barcelona, but with talks about to be completed, City could announce the signing of the Argentinian ace in the near future.

He featured in 38 matches for the La Liga side the previous season, conceding 46 goals and keeping 12 clean sheet, aiding his side to an 11th place finish.