The Premier League club is likely to send the 23-year-old on loan to Melbourne City, which may cause consternation given the A-League's rules surrounding player transfers.
Anthony Caceres had long been tipped for big things in the Australian A-League, but few, if any, of his keenest admirers ever expected a move to super-power-in-waiting Manchester City.
The 23-year-old will leave Central Coast Mariners for just $300,000 Australian - around $207,000 - in a deal which will no doubt raise City’s profile in Australia even further, following the City Football Group’s takeover of Melbourne City two years ago and Luke Brattan’s move from Brisbane Roar to Manchester last October.