Manchester City striker Alvaro Negredo must take a huge pay-cut to sign for Atletico Madrid.

The Mirror says Negredo will have to take a pay-cut to join Atletico Madrid.

Spanish champions Atletico, who also want Chelsea's Romelu Lukaku on a season-long loan as they sell Diego Costa to the Belgian's London club, will not match Negredo's current deal.

But Negredo may still move back to his hometown if Atletico give him a deal for five years on around £75,000-a-week.

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