Corinthians need to up their bid to land Manchester City striker Carlos Tevez before Wednesday's Brazilian transfer deadline.

The Observer says City will sell Tevez to Corinthians if the Brazilian club make an improved offer above the £39m they lodged on Friday, with the hierarchy at Eastlands prepared to countenance a price below their stated valuation of £50m because he would be playing outside Europe.

City are also mindful to take a compassionate view of the 27-year-old's desire to move back to South America to be near his family. It is thought that if a further £3-5m was offered, the City captain would be allowed to leave.

Corinthians may have to act quickly and make a third bid over the coming hours due to their self-imposed deadline of Sunday. The transfer window in Brazil closes on Wednesday and Andrés Sanchez, the Corinthians president, has said that if the deal does not happen by Sunday it cannot happen this year.

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