Manchester City Agrees Deal for Demichelis

A deal to bring centre-back, Martin Demichelis, to the Etihad stadium has been agreed in principle with Atletico Madrid. Manchester City has negotiated a fee of around €4.1 million up front, plus a further €580k in add-ons, with the Liga club.

Personal terms are yet to be agreed with the Argentine defender, though further talks are scheduled for Wednesday.

City, are in the market for a cover in the centre-back for their versatile defender and inspirational captain, Vincent Kompany, who limped out of the 4-0 win over Newcastle United in City's first league game of the season,  and Demichelis has been seen as a good fit.

With Matija Nastasic also sidelined through injury they were forced to field Javi Garcia alongside Joleon Lescott against Cardiff City on Sunday, a game they lost 3-2.

Demichelis only joined Atleti on a free transfer from Malaga in July, but has been singled out by Manuel Pellegrini, his former manager at La Rosaleda.

The pair also worked together at River Plate in 2002-03, before Pellegrini moved to Europe to take charge of Villarreal.

Real Madrid usurp Manchester United as richest club in the world, followed by Barca, then Arsenal

Barcelona have risen 99 per cent in value over the last 12 months while the Red Devils see their top position crumble as the Blancos take over in Forbes' top 20 rankings

Real Madrid have usurped Manchester United as the richest football club on the planet for the first time since Forbes magazine began their rankings in 2004.

The Red Devils have sat at the top of the list for nine years in a row but Jose Mourinho's men are now worth $135 million more (€103m) at $3.3 billion (€2.429bn), while Sir Alex Ferguson's side sit second in the business magazine's most valuable club list.

Manchester City want to sign Cavani, says coach

Angelo Gregucci has claimed that the Premier League side are eager to seal the Uruguayan striker's signature and has also praised the talents of Mario Balotelli