Corriere dello Sport says Hellas Verona are keen to keep Ilic on loan for another season, but can't afford a permanent deal just yet.
Hellas Verona have increased their offer to €1.5m to take Ilic, 20, for another season.
However, with a year left on his City contract, it's said City are holding out for a €10m permanent sale.
Ilic has been on the books at City since 2017.
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