Manchester City are on the verge of signing Fernando from Porto, according to the Brazilian player's agent.
Antonio Araujo told Maisfutebol his client is ready to head over to the Etihad, reported by Paulo Freitas of Sky Sports:
Everything is in Porto's hands and we hope to finalise the transfer by the end of the week. Fernando is in the city of Porto waiting for Porto tell him their decision about the documents they have received so that he can travel immediately (to Manchester).
Freitas indicates the deal is worth £16 million and follows on from the bid City had rejected in January. A hard-tackling, no-nonsense kind of defensive midfielder, Fernando adds to Manuel Pellegrini's stacked ranks in the centre.
He will compete alongside the likes of Yaya Toure, Fernandinho, Javi Garcia and Jack Rodwell for a place in the middle and can be considered the likely replacement for Gareth Barry, who reportedly has a host of clubs after his signature, per Harry Pratt of the Daily Star.
City may offset the cost of Fernando with the sale of Stevan Jovetic. The Montenegrin striker is said to be on the radar of Inter Milan, who are looking to significantly rebuild under new owner Erick Thohir, reported by David Anderson of the Mirror.
Jovetic made his name in Serie A with Fiorentina before moving to City last year. His debut season was ravaged with injuries, despite the 24-year-old underlining his quality with a handful of quality displays from the bench. Jovetic made just two starts and 11 substitute appearances in the Premier League, scoring three and assisting one, per WhoScored.com.
The forward played over 60 minutes just twice throughout the campaign, but never lasted more than 65. He netted 13 goals for Fiorentina last year and would receive greater opportunities to express himself at the San Siro. With Sergio Aguero, Edin Dzeko and Alvaro Negredo battling for places in City's starting lineup, a regularly unfit Jovetic isn't giving himself the best chance of maintaining form.
Anderson highlighted City's stance and provided further analysis on Jovetic:
Pellegrini will certainly be tempted to cash in before further value is lost. City are unlikely to recover the £22 million spent on Jovetic last year, but must be wary of UEFA's Financial Fair Play rules adding a second punishment to the sanctions received in May, so are likely to entertain a decent offer.
The Chilean boss will undoubtedly strengthen City across the summer, but he needs to make sure any new talent is matched with a departure. Fernando's arrival is acceptable considering at least one midfielder is expected to leave, as Pellegrini looks to improve on his Premier League-winning campaign by improving the Etihad club's squad even further.