Manchester City have reportedly reached an agreement in principle with Brazilian side Palmeiras for centre-back Vitor Reis.
Reports claim the two clubs have agreed on a fixed fee deal of £29.4 million, with no additional bonuses.
City and Palmeiras are working on the final details of the deal this morning.
The Brazilian youngster has already agreed personal terms with City over a long-term contract.
Ontheminute.com have previously reported of the interest from Arsenal, Manchester United, Chelsea and Aston Villa in the highly-rated teenager.
Brighton, Liverpool, Benfica, Barcelona and Real Madrid have previously also been linked with the Brazilian defender.
