The paper says City bosses are expecting a sign from Tottenham that a deal might be done, but the fee is a smaller amount than the £150m which is believed to be the quantity that would bring chairman Daniel Levy to the table.
The Liverpool Echo reports Philippe Coutinho might be set for a return to Anfield.
The midfielder has floundered since joining Barcelona in 2018, with the club wanting to offload his contract to assist their financial struggles.
Recent speculation has linked the 29-year-old with a bargain-price move to Liverpool where he first rose to prominence, though variety of other Premier League clubs are believed to have an interest during a transfer.