Manchester City are eager to find a new right-back addition.
The Juventus full-back will be allowed to leave the Italian champions this summer, and City seem happy to match their valuation.
Gazzetta dello Sport's Nicolo Schira claims that Juventus defender Cancelo is nearing a move to the Etihad.
"They have an agreement with the Portuguese player.
"Contacts ongoing to finalise the deal."