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Ferran Soriano has confirmed Manchester City are close to announcing their summer signings.

City's chief executive revealed negotiations for several new players have already started, although the Spaniard insisted there won't be 'massive' changes to the squad for next season.

Soriano also revealed some players will leave the Etihad Stadium this summer, including Joleon Lescott, who won't be offered a new contract after five years at the club.

Soriano: "The planning has been done already. We don't do this in the summer, we do this during the year.

"We know that some players will be leaving because their contracts are finishing. We have some new players coming.

"But it's fair to say that the base of our team is going to be the same.

"These players are players who are winning. Remember, we have only been working with Manuel Pellegrini for one year so we are sure next year it will be better.

"To build a team needs time. You will see some changes in the team but not massive."

Soriano refused to confirm the identity of the new arrivals, although Porto pair Eliaquim Mangala and Fernando are on the list of targets.

The former Barcelona director would only confirm Lescott's departure, adding that it was likely others will follow.

Soriano said: "Joleon Lescott is finishing his contract and is leaving. Joleon has been a key player for us. Not only for what he did on the pitch but also his leadership and character in the team. We wish him well.

"Some players leave and some new players will come. We're not changing the base of the team."