"He is one of the best defenders in La Liga, without a doubt", says Javi Beltrán, a football reporter for AS, who has watched Laporte since he joined Bilbao.
Pep Guardiola's men are said to be happy to match the player's £57million release clause and negotiations are now taking place with the centre-back.
"Given the complexities of Spanish buy-out clauses, City are rushing to ensure the deal is formally completed by next Wednesday's transfer deadline".
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The agreement with the player is done and it is a matter of hours before the operation becomes official. The transfer would eclipse the Citizens biggest ever outlay for a player which currently stands at £55m paid to Wolfsburg for midfielder Kevin de Bruyne in the summer of 2015.
Weeks later, City ended up signing the second option on their list: John Stones.
Laporte, 23, turned down a move to City 18 months ago, but has revived the move after having a change of heart and deciding the time was right for him to move on. The loss of Alexis Sanchez to Manchester United has not prevented Arsenal from reaching a fourth domestic cup final in five seasons, but Wenger will need to sharpen his team's cutting edge if they are to threaten City at Wembley. He is so good that Julen Lopetegui, the Spain coach, has tried to get... "We have to wait".
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