Isco Alacron has reportedly told his Real Madrid teammates he wants to leave the Bernabeu because of his lack of game time under Santiago Solari.
The Spain international is yet to start a game under the new manager and it is understood that the 26-year-old is frustrated with the situation.
The former Malaga star is open to a mover to join Premier League champions if an offer is made in the January window.
And according to Spanish news media outlet El Chiringuito, the four-time Champions League winner has made up his mind about his future.
City boss Pep Guardiola has been a long-time admirer of the Spaniard, but reports claim City will have to break the bank to secure his services.
And according to the Express, Isco will only be sold if his €700m release clause is met.
Meanwhile, Man City are reportedly in talks with Real Madrid for a possible deal for Brahim Diaz in January.
According to Spanish news media outlet, AS, Diaz has decided he wants to leave the Etihad outfit in the winter transfer window.
A transfer fee between €5million to €10million is said to be agreed for a six-year deal, which City are willing to let go of one of the most promising youngsters.