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City Will Have To Bid INXS Of £25M For Galactico

pepeA few weeks ago we reported that Roberto Mancini was interested in the £25million Real Madrid centre-back Pepe and it would seem a move is a few steps closer as the Portuguese star stalls on a new contract.

Spanish newspaper Marca has reported that they believe Pepe may have a tentative agreement with another club which could see the star centre back move for free in 2012 when his contract expires.

Pepe is one of Madrid’s lowest earners, that said he still picks up €1.8million per year. He was hoping to practically triple his earnings with any renewal and according to AS, has been demanding €6million, roughly €95’000p/w.

It has been reported that Madrid have offered  €3.5million p/y to the Portuguese international and refuse to match his demands. This has left Pepe determined to let his contract wind up and leave Jose Mourinho looking for a replacement.

With no possibility of a renewal before 2012, Madrid will be looking to offload the player in the summer to recoup any money they can for the defender that once cost Los Merengues €30million. A bid of at least £25million could secure the player’s services at the end of the season.

Roberto Mancini will be on red alert come summer and would see Pepe to be a prize addition to his constantly improving squad. Chelsea have also been linked to the Real star, but his hefty price tag and wage demands may not be met so easily by the London club.

Follow me on Twitter @Matt_V_Football

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Article title: City Will Have To Bid INXS Of £25M For Galactico

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