Manchester City are reportedly prepared to offer Jack Grealish as well as a hefty transfer fee to Milan for in-demand forward Rafael Leao.

Leao, 23, has scored six goals with five assists in his 14 Serie A fixtures this campaign, following a 2021-22 season where he contributed 11 goals and 10 assists in 34 league appearances.

Meanwhile, 27-year-old Grealish has been trending in the opposite direction, with the most expensive Englishman in football history only playing a complete 90 minutes in two of his 10 Premier League outings this season.

Chelsea have reportedly already seen a £62million (€70m) bid for Leao brushed off by Milan, who have apparently said they will wait for someone to meet his £133m (€150m) release clause, though a new report suggests City could be ready to make their move for the Portugal international.

TOP STORY – CITY PREPARED TO OFFER GREALISH IN BID FOR LEAO

While it remains to be seen exactly what price Milan would be happy to part ways with for their young star, City reportedly feel they have an ace up their sleeve in negotiations due to their willingness to send over a replacement player as part of their offer.

According to Calciomercato, City are willing to offer a package of Grealish plus cash to Milan for Leao, and the same outlet reported on December 6 that Milan had interest in Grealish in the event of Leao's departure.

Further reporting from Football Insider has stated City are looking to recoup £60m of their £100m initially spent on Grealish for a potential pursuit of Jude Bellingham.

ROUND-UP

– According to L'Equipe, Napoli are the leading candidates to land 22-year-old Angers midfielder Azzedine Ounahi, while the Express adds Leicester City will also mount a charge for the Morocco standout if Youri Tielemans leaves in January.

– Media Foot is reporting Everton are in discussions with Montpellier about a potential £22m (€25m) move for 20-year-old striker Elye Wahi, who has represented France at the under-19 level.

Manchester United are one of the clubs keeping a close eye on 25-year-old Borussia Monchengladbach striker Marcus Thuram after reports the French international will be available for just £10.6m (€12m) in January as he enters the final six months of his contract, per the Daily Mail.

– Sport Arena is reporting Arsenal have agreed to a five-year contract with 21-year-old Shakhtar Donetsk winger Mykhaylo Mudryk.

– According to Fichajes, Barcelona midfielder Frenkie de Jong has had a change of heart and would now like to join Man Utd at the end of the season.