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Man City willing to splash out £40M bid for Porto defender Mangala

Manchester City are ready to break the bank again for a new summer signing.

The Mirror says City are considering splashing out £40million to buy French defender Eliaquim Mangala.

The deposed Premier League champions are looking for centre-back cover following injuries to captain Vincent Kompany, Matija Nastasic and Micah Richards.

They have been looking at relatively low-budget options in Atletico Madrid's Martin Demichelis, who played for City's new manager Manuel Pellegrini at Malaga last season, and Adil Rami of Valencia.

To sign Mangala however, they will need to pay the £40m buy-out clause in his Porto contract, which runs until 2016.

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