Manchester City new signing Erling Haaland's contract carries a buyout clause, it has been revealed.

Haaland has a release clause in his Manchester City contract which can be activated in two years' time.

Reports in Germany on Thursday claimed the figure for the release clause is £128million.

City confirmed the £51m signing of Haaland from Borussia Dortmund earlier this week, beating a host of European rivals to his signature ahead of the summer transfer window.

BILD says before his death at the end of April, Haaland's agent Mino Raiola is reported to have agreed a release clause with City, which will come into play in 2024.

The Norwegian was also heavily linked with a switch to Real Madrid before joining City, meaning the Spanish club and other possible suitors will have the chance to prise him away from England if they see fit in two years' time.