Manchester City striker Felipe Caicedo is set to depart the club with Spanish outfit Levante to come in.

The 22-year old Ecuadorian spent this season on loan with the Granotes and it is understood that they will take up the option to sign him for a fee of around £868,000.

However, Caicedo will then be sold on by Levante who look to cash in on him after his 14-goal season in La Liga. Clubs in Germany, France and Italy are reported to be showing interest.

Caicedo has not seen much game time at City since crossing from FC Basel in 2008 and it looks as though they will let him move on.

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