Manchester City are refusing to cave into Raheem Sterling's new contract demands.

The Mirror says City are unwilling to give Sterling £300,000-a-week, the same as top earners like Kevin De Bruyne and Sergio Aguero.

But the 23-year-old has less than two years remaining on his deal and City are aware that his £100million value will tumble if they fail to convince him to sign a new agreement.

Sterling currently earns £175,000-a-week and City have offered to increase that to £200,000 with a package of lucrative success-related bonuses and yearly increases.

So far they have been unable to broker an agreement – and the clock is now ticking.

City's stance has not been altered by reports Sterling is wanted by Real Madrid and Barcelona, believing that the Spanish giants have other priorities.

But they are aware the winger will become a wanted man if he is available at a bargain price due to the contract stand-off.