Manchester City are ready to launch a mega spending spree after being freed up from UEFA's Financial Fair Play law restrictions.

City's transfer budget was capped at £49million last summer and their Champions League squad cut to 21 players for breaching FFP regulations.

But they've now been cleared by UEFA for this summer's market.

The Daly Mail says City will pursue their top summer transfer targets Raheem Sterling, Kevin De Bruyne and Paul Pogba, who will cost up to £150m if the club are successful in bringing them to the Etihad Stadium.

City have already had a second bid of £40m for Sterling turned down by Liverpool and know that Pogba will cost around £60m to sign from Juventus if they can fight off competition from Barcelona for the France midfielder. De Bruyne, who is set to hold talks over his future with Wolfsburg next week, would command a transfer fee in excess of £40m.

City are also understood to have stepped up their interest in signing England midfielder Fabian Delph from Aston Villa for £8m, having already agreed a £2m fee with Bursaspor for Turkey striker Enes Unal.