Manchester City have made an offer to Real Madrid defender Pepe. AS says City, aware of Pepe's frustration over new contract talks with Real, has made contact with his minders to make him an offer.
City are willing to pay Pepe €5 million-a-year to leave Madrid, while Real won't go higher than €3.5 million-a-year.
City are prepared to wait until June to sign the defender, knowing Real coach Jose Mourinho will refuse to allow the centre-half to leave midway through the season.
