Manchester City are ready to throw the bank at Santos star Neymar.

The People says City are preparing a late £50million bid in an effort to gazump Barcelona to the signing of Brazilian sensation Neymar.

Neymar is seen as a potential replacement for Carlos Tevez who has one year remaining on his £200,000-a-week contract at the Etihad.

Despite failing to impress in a recent friendly between England and Brazil at Wembley, Neymar is regarded as the hottest young property in world football and has been outstanding at Pele's former club.