Having spent a fortune to compete in the here-and-now, the Citizens are planning to fork out again to redevelop their youth structure as they look to compete in the future
The 80-acre site would be branded the Etihad Campus and is set to be a Grade 1 facility under the Football Association's new Elite Player Performance Plan, a standard which is currently met by no club in England.
The plans which have been submitted would see on-site accommodation for 72 players, class-room facilities for 200, 16 pitches, offices and a state-of-the-art centre which would house changing rooms and rehab facility.
Furthermore, the site would also house a brand new 7,000 all-seater stadium for the youth team.
Brian Marwood, the club's Chief Football Operations Officer, said: "This could be the most important investment the club has ever made under its new ownership.
"This is part of a 10-year strategy for long-term sustainable success.
"Phase one culminated in the club winning the FA Cup and qualifying for the Champions League last season. This signals the beginning of the next phase.
"We know that youth development has to be at the heart of this club. Investment in the transfer market has helped us reach a certain level, to stay there will take investment in player development, welfare and top-class facilities.
"While new signings were making the headlines there were changes behind the scenes even in the early days."
Marwood said the overall cost of the development has yet to be clarified.
City have already bought most of the land, much of which was polluted by past industries, and are in the process of cleaning it.
Moreover, the club have also promised to provide 5.5 acres for community use, including a sixth form college, and will contribute towards a new public swimming pool.
Patrick Vieira, the French former Arsenal, AC Milan and Inter Milan midfielder who is now City's Football Development Executive, described the plans as "unbelievable".
He said: "For any player to have this facility would be really, really exciting."