Manchester City's owners are in advanced talks to buy Indian Super League side Mumbai City.
A deal is set to be struck ahead of their new season starting next month.
The City Football Group have held talks with a number of Indian clubs as they seek to expand their global reach, says the Mirror.
Mumbai City are now their preferred choice and negotiations with the club's CEO Indranil Das Blah are almost complete.
As well as their flagship club City, the CFG already owns New York City FC, Melbourne City, Club Atletico Torque in Uruguay and Chinese side Sichuan Jiuniu, as well as holding a stake in Spanish club Girona and Japanese side Yokohama F Marinos.