Manchester City have reached an agreement with Schalke to sell Welsh wonderkid Rabbi Matondo for €13 million (£11.29 million), Sam Wallace of the Telegraph reports.
The deal has been in the making for a number of days with the only sticking point being a fee. It was suggested in Germany today that City could agree a reduced fee in return for a buy-back clause, but the reported €13 million is a considerable sum for a player with no first team appearances.
The two clubs are expected to announce the deal in the next few days, with only personal terms left to be agreed between Matondo and Schalke, who City will face in the Champions League Round of 16.
Pep Guardiola confirmed Schalke’s interest in Matondo at his Monday press conference and spoke highly of the youngster, adding that he will not stop anyone from leaving if they want to play.
Matondo has attracted widespread interest, particularly in Germany, and AC Milan made a late play for the 18-year-old. However, his future will be in the Bundesliga with Schalke set to win the race for another of City’s starlets.