The 33-year-old is expected to leave Barcelona this summer following the signing of Joan Garcia from local rivals Espanyol.
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His Man City counterpart, Ederson, is also fighting for his future following a string of high-profile mistakes and injury issues.
According to AS, Guardiola is seeking to raid his old club and bring the Germany international to the Premier League.
Barcelona are understood to be getting Ter Stegen’s hefty wages off the books with Hansi Flick having already told him to look for a new club.
