While Nottingham Forest will not consider selling the midfielder in January, offers will be entertained at the end of the season.
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The Daily Mail says Forest will seek bids starting at £80m, with the aim of selling for more than £100m.
City manager Pep Guardiola and sports director Hugo Viana are in agreement about bringing the Geordie to the Etihad. City scouts have been in attendance of Forest games to check on Anderson in recent weeks.
City are prepared to wait until next summer for Anderson and instead will focus on adding to their attacking options in January with Bournemouth attacker Antoine Semenyo a priority.