The ‘take it or leave it’ bid is set to be placed in the next 48 hours with City confident of securing the Frenchman’s services before the new season kicks-off.
Officials at the Etihad Stadium have received promising signs that Arsenal are prepared to reluctantly part with the midfielder who has refused to sign a new deal to stay at the club.
Gunner’s manager Arsene Wenger and board members at the Emirates Stadium have accepted that they are fighting a losing battle to keep Nasri, who has a year remaining on his contract, in North London.
In October the unsettled midfielder insisted that he would have signed a new deal when there was talk of keeping him at the Emirates but became agitated when nothing transpired. He is now prepared to join City for a reported £125,000 a week.
The decision is still up to Arsenal who must decided whether to cash in on the 24-year-old or lose him for free when his contract expires next summer.
It has been suggested that the move could be fast tracked to give Nasri the chance to appear in Sunday’s Community Shield Clash with neighbours Manchester United.