Atletico Madrid are willing to sell Martin Demichelis.
The Daily Express says Argentina international Demichelis, 32, joined Atletico Madrid on a free from Malaga earlier this season but is keen to be reunited with Pellegrini at City, especially with the offer of a lucrative two-year contract.
Providing they can line up a replacement before the deadline, Atletico are understood to be happy to make a quick profit on a player they signed for nothing - with City willing to pay about £2m.
