A mammoth bid is reportedly in the offing from the Eastlands cash cows, who are thought to be planning a move for the Gunners' highly-coveted teenager
The 19-year-old England international was sent on loan to gain experience at Bolton Wanderers last season, and returned to Ashburton Grove to make a strong impact at the club throughout the current campaign.
The teenager has put in strong performances during the course of the season, and earned plaudits for his performances against Barcelona in the Champions League double-header, despite the Gunners bowing out of the competition 4-3 on aggregate to the Catalan giants.
Now The News of the World claims that free-spending City are looking to make a £40m move on the youngster, with a view to luring him to Eastlands with an offer that could almost double his wages.
Wilshere made his debut for England last year, and his performances for Arsenal have seen him nominated for the PFA Young Player of the Year award.