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Manchester City chief executive Ferran Soriano says two more deals are close to completion – but may have to wait until Euro 2016 is over.

The man in charge of the Blues' transfer strategy said that two deals are close – one is thought to be the £40m move for Germany international Leroy Sane and the other may have referred to Oleksandr Zinchenko, whose £1.7million move from Ufa was announced today or Everton defender John Stones.

City have already signed Germany midfielder Ilkay Gundogan for £19.7m, and Spain winger Nolito for £13.8m.

Soriano told BBC World: “You need to change three, four or five players in a season. We have two new players, one gone and maybe we're halfway.

“There will be some more. Two deals are close, the other deals are fairly advanced. Some players don't want to announce anything until they (the Euros) are finished.”

Soriano was speaking as new coach Pep Guardiola was revealed to fans at the City Football Academy, and he feels the new man in charge will make a difference.

“We believe with Pep we go one step forward in terms of tactical sophistication and playing beautiful football, which is what we want to do,” he said.

“It's not a massive change, just another step in the direction we want to go.

“He had one month on holiday and spent at least half of it working. All the successful people I've known are obsessed. This is how you master an activity.”

Watch: Noel Gallagher interviews Pep Guardiola