Manchester City are in talks with KV Oostende about a stakeholding.
The Sun says City are in talks about buying a stake in Belgian club KV Oostende.
The Premier League leaders already own shares in clubs worldwide, including New York City and Melbourne City.
Holding company City Football Group also has stakes in Japanese club Yokohama, Spaniards Girona and Uruguayan outfit Club Atletico Torque.
Belgian talisman Kevin De Bruyne and national captain Vincent Kompany are part of Pep Guardiola's squad.
Oostende owner Marc Coucke has held talks in London with City officials about selling his shares to them.