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Manchester City squad in advanced talks to take wage cuts to help club live within its means as Pep Guardiola's side face losses of over £100m due to coronavirus pandemic

Manchester City are in advanced talks with their players over reducing salaries to help the club navigate through the coronavirus crisis.

Sportsmail understands that the Premier League champions have received a positive response from many of Pep Guardiola’s men, who are open to helping out the club with football suspended.

While the news may come as a shock given the wealth of City’s owner, the club are keen to live within their means as a business.

Manchester City's squad are in advanced talks to take pay deferrals to help out due to Covid-19

To that end, talks over gaining assistance from players, which are expected to take the form of salary deferrals, have been ongoing for a number of days with officials hoping for an agreement in the near future.