The Brazilian goalkeeper will undergo a medical, sign a five-year deal and conduct in-house interviews before an official announcement in made
Benfica goalkeeper Ederson is at Manchester City's training ground and a £35 million transfer could be completed as soon as Tuesday afternoon.
Goal revealed on Saturday that City had been working on a deal for the Brazilian goalkeeper for several months and were confident of making an announcement shortly after Benfica's Taca de Portugal final on Sunday.
Benfica beat Vitoria Guimaraes 2-1 and Ederson revealed during the post-match celebrations that he had "probably" played his final game for the club.