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Manchester City Transfer News: Latest Rumours on Alex Grimaldo Ahead of January

Manchester City boss Pep Guardiola is reportedly interested in signing Benfica left-back Alex Grimaldo, but the Portuguese club's £38.5 million asking price will likely prohibit the move.

According to Bruno Andrade of Portuguese outlet O Jogo (h/t the Daily Mail's Pete Jenson), Benfica will expect to make a huge profit if they sell the 21-year-old, who only arrived in January for £1.3 million.

The Spaniard played for Barcelona's youth side while Guardiola was manager of the senior team, so the City manager will be familiar with the La Masia graduate.