Manchester City have intimated a willingness to extend Angelino's loan with RB Leipzig into next season.
Angelino joined Leipzig in January for the rest of this season, an agreement that also included an option for the Germans to buy the 23 year-old for £25m.
The Bundesliga side cannot afford to activate that option but still want to keep the Spaniard, says the Daily Mail.
They are hoping to reach a fresh agreement with either a new option or obligation to buy next summer.
Angelino has impressed for Leipzig, helping them finish third in Germany's top division and also qualify for the Champions League last eight.