Man City consider new bid for La Liga star

Pepe (Real Madrid)

Manchester City are considering launching another bid for Real Madrid defender Pepe, according to the Daily Mail, despite the fact the club are poised to offer Joleon Lescott a new contract at the Ethihad.

City have been busy in the transfer market in recent days, and deals for Fiorentina forward Stevan Jovetic and Sevilla striker Alvaro Negredo are thought to be nearing completion. Jovetic is expected to cost the club in the region of £28million, while a deal worth £21.5million with £3m of add ons is understood to have been agreed for Negredo.

Now new manager Manuel Pellegrini has set his sights on Pepe, having already had a £15million offer for the defender rejected by Real Madrid.

New Madrid boss Carlo Ancelotti is thought to be wanting to keep hold of the Portugese defender, but has been told he must sell to fund new signings.

That means the club are likely to accept a bid of around £20million, but City must decide whether they are willing to pay such a substantial fee for a player who recently turned 30.

Either way, the club are set to offer Joleon Lescott a new one-year contract. The England man has just one year remaining on his current deal, and City director of football Txiki Begiristain is set to open talks over an extension within the next 48 hours.

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