It's emerged this week that City are willing to cash in on the Portugal playmaker as they seek to fund plans for a new centre-forward signing this summer.
France Football says the situation has sparked the interest of Atletico, where coach Diego Simeone is a big fan.
Now crowned LaLiga title winners, Atletico are preparing for a major Champions League tilt next season and Simeone can see Bernardo's addition as a boost to their ambitions.
Indeed, it's suggested Simeone has wanted to work with Bernardo since his days with AS Monaco.
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