Manuel Pellegrini has told Joleon Lescott he will reject any offers for the England defender after insisting that the 30-year-old is a key figure in his plans at Manchester City.
Real Madrid's central defender Pepe is understood to be top of Manchester City's list of transfer targets.
Manchester City have made an enquiry for Romania defender Stefan Radu of Lazio as they look to sell Joleon Lescott.
The Daily Mirror are reporting that Real Madrid are ready to sell star defender Pepe to Manchester City – to help raise funds to buy Gareth Bale.
Manchester City defender Joleon Lescott expects the squad to quickly put the disruption of Roberto Mancini's sacking behind them this summer.