Bologna general director Roberto Zanzi has revealed they are negotiating with a top European club over the sale of sought-after playmaker Gaston Ramirez.

The Uruguay international has been strongly linked with a move away from Bologna this summer and is a reported target of Manchester City, Liverpool and Juventus.

"We are negotiating with an important foreign club for Ramirez," Zanzi said to Italian newspaper Il Resto del Carlino.

Even though Zanzi has said that the current offers have been too low, Ramirez’s agent Pablo Betancourt has stated that it was “very probable” the Uruguayan international would move on.

Bologna let it be known that a potential buyer would be looking at a figure of around £20m to prise the attacking midfielder away.

Even though the European club with most interest is unconfirmed, Manchester City boss Roberto Mancini noted that he had strong feelings regarding the South American player, saying that “Ramirez is a good young player, with great potential”.