Manchester City will not make a move for Atletico Madrid defender Renan Lodi.

What's the news?

That is according to Fabrizio Romano who took to Twitter in order to share a slither of good news but then a portion of bad news too, as he revealed the latest on two of Pep Guardiola's transfer targets.

He said: "Manchester City are preparing all the documents for Sergio Gómez deal to be signed soon - it’s all done since yesterday [Wednesday] for more than €15m.

"Renan Lodi has been Man City target in July but talks are not progressing. Understand the deal is off, as things stand."

Guardiola should be gutted

Although the arrival of Gomez is much-needed considering the departure of Oleksandr Zinchenko and the failed pursuit of Marc Cucurella, the idea that Guardiola won't be able to land a player with as much quality and experience as Lodi is sure to have left him gutted. After all, this is a player cut directly from the Pep playbook, with the full-back possessing all the offensive tools and positional familiarity to be a success in his City side.

After making 50 appearances for his boyhood side Club Athletico Paranaense he scored four goals and provided eight assists before the Brazilian joined Atletico back in the 2019 summer transfer window.

Since then, the 24-year-old has found the net six times and supplied nine assists in 116 appearances across all competitions.

With 29 La Liga appearances to his name last season, the left-back chipped in with two goals and two assists along the way, proving himself to be a handy operator in the final third.

He also delivered 41 crosses in total throughout 2021/22, leaving only three other Atletico players with more, which highlights how dangerous he can be going forward as he acts as the supply line from the left flank for his attacking teammates.

With Joao Cancelo (103) the only City defender to make more crosses in the Premier League than the £64k-per-week Brazilian did for his side in the league last term, it shows just how effective he could have been in Guardiola's side.

To further highlight what sort of a player he is, Atletico manager, Diego Simeone, had this to say about him after he scored both goals in the club's 2-0 win over Celta Vigo back in February: "Lodi is a hard-working, humble player who deserves all the praise and support."

With his clear attacking talent on the pitch and the attributes he has off it that Simeone spoke about, this is surely a player that Guardiola would love to have had at his disposal this season and he should be gutted that City won't pursue a deal for both him and Gomez. They are both very much-needed in order to give the Manchester club more depth.