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City are confident they'll be able to operate without sanction in the summer transfer window after previous problems with Financial Fair Play.

They expect to break even financially and announce record turnover approaching £400 million over the next accounting year.

Manager Manuel Pellegrini has called for "crack" signings to be made and City will fund those through their improved finances and also the proceeds from sales.

Stevan Jovetic, Edin Dzeko, Aleksandar Kolarov and even Yaya Toure and Samir Nasri could be on the way out.

England midfielder James Milner is out of contract and City are considering Everton's Ross Barkley at £25 million as a midfield replacement.

The Daily Star Sunday revealed City's interest in Wolfsburg's former Chelsea winger Kevin de Bruyne and we can now report that talks with his representatives are underway.

The in-form Belgian is now valued at £30 million.

City, in the wake of Champions League elimination last week, have a number of wish-list signings.

They also include Juventus midfielder Paul Pogba (£50 million), Arsenal's Jack Wilshere (£30 million), Atletico Madrid's Koke (£45 million) and Monaco left back Layvin Kurzawa at £15 million.

City are also keeping an eye on Raheem Sterling's current contract stand-off at Liverpool.