Valencia and City
have agreed a £31m valuation for Otamendi but because the Spanish club
still owe £24m for striker Alvaro Negredo, City are expected to pay only
the difference.
Argentina international
Otamendi's agent Jorge Mendes has been in Manchester this week to broker
the deal and the player is set to sign a four-year contract, pending a
medical.
He will become City's fourth summer signing following the arrivals of Raheem Sterling, Fabian Delph and Patrick Roberts.
Manchester City finished second in the Premier League last season.
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