Carlos Tevez is set to leave Manchester City after manager Roberto Mancini today confirmed that an agreement has been reached with Brazilian club Corinthians.
City have already turned down bids of £35m and £40m from Corinthians, and were thought to be holding out for a £50m transfer fee.
It now looks like the Blues are prepared to compromise slightly on that figure in order to allow the deal to go through, letting Tevez return to the club he helped to the Brazilian championship in 2005.
Speaking on the club’s pre-season tour of North America, City manager Mancini said: “We have an agreement with Corinthians but Carlos now is still a City player.”
In spite of Tevez publicly stating his desire to leave, City have been desperate to retain their captain after he helped guide them to automatic Champions League qualification, FA Cup victory, as well as finishing as Barclays Premier League joint top scorer with 20 goals.
However, it seems the Blues have decided to cash in after failing to convince Tevez that his future lay at the recently-renamed Etihad stadium.
While the Brazilian league would be a step down for Tevez in terms of quality, the move may be mutually beneficial for both club and player.
Tevez has long cited homesickness as a reason for him wanting to leave the club, and last month hit out at the city of Manchester in a controversial interview on Argentine television.
The move to Corinthians would enable him to be closer to his wife Vanessa, who failed to settle in England and currently lives in Argentina with his two children.
From City’s point of view a switch to Brazil would stop Tevez from falling into the hands of any of their major European competitors.
Tevez has been linked to Inter Milan, as well as Spanish giants Real Madrid, both teams City could meet in this seasons Champions League.
City now seem certain to turn their attention to fellow Argentine Sergio Agüero, who kept Tevez out of the national team at the recent Copa América.