Man City emerge as favourites to sign £50m Liverpool star

Manchester City are said to be in pole position to sign Liverpool star Raheem Sterling after rival clubs looks to have cooled their interest, Daily Star reports.

The 20-year-old has emerged as a top attacking candidate for a host of European elites, but due to his £50million valuation, a number of sides are reconsidering a move.

Both Real Madrid and Bayern Munich were linked with the winger, but are only willing to pay about £30million for his services.

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He only has a year left on his current deal at Anfield, but his refusal to sign a new contract and desire to leave has urged City to make an initial offer of £30million.

However, after seeing their bid rejected, many of the other interested teams could now pull out of the race, with boss Manuel Pellegrini now tipped to table an increased offer.

They are believed to have set their limit at the £40million mark, meaning that the Reds will be forced to either consider the proposed valuation or risk losing Sterling on a free transfer at the end of the upcoming campaign.