Manchester City have ended talks to extend Raheem Sterling’s contract and have effectively made the 26-year-old available for transfer, according to reports in the English media.
The former Liverpool player will have just one year remaining on his current deal next summer and the Premier League champions will use the sale of Leroy Sane to Bayern Munich as a barometer for their valuation.
Sane was sold to the Bundesliga side for around €60m (£51.3m) in 2020 and the Citizens will be seeking a similar asking price for Sterling.
A figure of around £45m to £50m has been suggested, but it remains to be seen if any team will be able to come up with the necessary funds to buy him.
Barcelona are the club that have been most heavily linked with Sterling but their financial problems mean they are unlikely to be interested, unless City are prepared to let the England international leave on an initial loan deal. Arsenal have also been mentioned but those rumours have gone cold in recent weeks.