Manchester City Transfer News: Latest Rumours on Kelechi Iheanacho, Fernando

Kelechi Iheanacho and Fernando could both be about to leave Manchester City as manager Pep Guardiola revamps his squad for the new season.

According to Joe Wright of Goal, Leicester City could be prepared to pay up to £25 million for Iheanacho as they attempt to recover after a difficult season last term. Foxes manager Craig Shakespeare wants the player to be in his squad for the first day of the new campaign.

Speaking to Sky Sports News (h/t Wright), Shakespeare explained he wants Iheanacho in his ranks.

"I'm hoping so, but I am like every other manager at the moment. I think we all find it frustrating but it is the current market. You saw with the Harry Maguire one, we got that done quick. When he is in the door, we can announce it. At the moment, of course, we are interested in players as most of the Premier League is, but you can see that clubs won't really talk about it until they are over the line."

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Sam Wallace of the Daily Telegraph reported City want to insert a buy-back clause in any sale of the Nigerian, with his promise undoubted.

However, the 20-year-old's chances have been limited, and the presence of Gabriel Jesus has seen him fall down the pecking order at the Etihad Stadium.

Squawka Football highlighted the forward's contributions:

Fernando could join the striker on the way out of the Eastlands after the Brazilian declared Guardiola is trying to sell him.

According to Portuguese outlet Diario de Noticias (h/t Dave Fraser of The Sun), Fernando hinted he wants to stay at City and run down the last year of his current deal.

"I have several loan options but City want to sell," said Fernando. "That's why it's difficult because I only have a year left on my contract. The club that has offered money for me is Galatasaray, but what is good for City may not be good for me."

The defensive midfielder started only five games in the Premier League during Guardiola's first season in charge, per WhoScored.com, but at 30, he has time to excel at a new club.

Kirsty Wigglesworth/Associated Press

Fernando could still do a job for an English side, but his days at the top level appear over.

Iheanacho's career is only just starting, but Leicester might not be the best choice for the player as they flirt with the bottom half of the table.

The Foxes laboured last season but improved after Shakespeare took the reins in February from ex-boss Claudio Ranieri.

Jamie Vardy remains the main man at Leicester, and it will be intriguing to see if the England international could blend with the City youngster.