The Montenegro forward has been a long term target for a number of Europe’s top clubs, but with City missing out on Edison Cavani, it appears they have made the 23-year-old their top target.
The Citizens’ Premier League rivals Chelsea, Arsenal and Liverpool are also thought to be interested in the striker.
Jovetic will not come cheap however, with it being revealed the forward has a £27million buy-out-clause in his contract, while also having basic wage demands of £120,000 a week.
Those figures put City in pole position to complete the signing, especially after having sold both Mario Balotelli and Carlos Tevez to AC Milan and Juventus respectively in the past six months. Chelsea could also afford the player, but appear to be tracking both Christian Benteke and Luis Suarez ahead of Jovetic.
Jovetic has made it clear he wants to leave the club this summer, with the Premier League his most likely destination. Juventus are the other name that has been most strongly linked, although it is thought poor relations between the two clubs means any move is unlikely to materialise.
A source close to the player said: “Of the top players in Europe, Stevan is the best value striker on the market right now.”