Barcelona table fresh Joao Cancelo bid with Man City outcast willing to take wage cut to seal transfer

According to The Daily Star,the Catalan club have submitted an offer which includes a £7 million ($9m) loan fee and a £18 million ($23m) purchase clause, which would take effect at the end of the loan period. This structured deal reflects Barcelona's persistent financial constraints which once again limit their spending power this summer.

City would prefer to offload Cancelo permanently rather than arranging another loan spell. However, with no other offers currently on the table, Barcelona's proposal might be the best available option. The Premier League champions are reportedly hoping to raise around £25 million ($32m) from Cancelo's transfer, and despite the delayed payment structure, they are getting closer to their target which has once again opened channels of negotiations.

Cancelo is also willing to accept a lower salary than his current £150,000-a-week package to expedite the move. Barcelona are ready to pay his salary in full, which is an appealing solution to City, especially considering the reported breakdown in Cancelo's relationship with head coach Pep Guardiola.

While Barcelona remains the frontrunners for Cancelo's signature, other clubs have also shown interest. Italian giants Juventus and Inter Milan are said to be monitoring the situation. However, City are still holding out hope for a sudden offer from the Saudi Pro League, where financial terms would not pose an issue and they can offload the player permanently this summer.