The Daily Express says City are moving for the Colombian with Alvaro Negredo out for several months after suffering a serious foot injury. Tests have revealed he has fractured the fifth metatarsal in his right foot.
News of Negredo's injury will rev up City's interest in a move for want-away Monaco striker Radamel Falcao.
The Colombian, who is also on Chelsea, Liverpool and Manchester United's wanted list, was thought to be on the brink of returning to Madrid - where he played previously for Atletico - to join Real Madrid.
But those negotiations hit a snag and reports in France suggest that City are looking to capitalise.
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