Kevin de Bruyne to Manchester City: Former Chelsea star is available for £50m - reports

Two-time Premier League champions remain active in the transfer market

Wolfsburg are believed to be willing to sell Kevin de Bruyne to Manchester City after weeks of insistence to the contrary - but the German club have slapped a £50m price tag on his head.

Chief executive Klaus Allofs claimed last week the 24-year-old was 'unsellable' but that stance appears to have changed after the former Chelsea ace rejected a new contract offer.

According to the Daily Mirror, Wolfsburg have made it known they will listen to offers and have set a valuation of £50m for de Bruyne to leave the Bundesliga and seal a lucrative return to the Premier League.

It remains to be seen whether City, who have Financial Fair Play rules to adhere to, will be prepared to splash out such a considerable outlay just weeks after securing Raheem Sterling for a similar fee.

Raheem Sterling has already joined Manchester City this summer (Getty Images)

However the report suggests the two-time Premier League champions may be more likely to do business if the fee can be negotiated down to £38m before the transfer window deadline at the end of the month.

City have finally agreed a £14m deal to sell Edin Dzeko to Roma but are in no hurry to find a replacement with Manuel Pellegrini happy with Sergio Aguero and Wilfried Bony being his only two recognised fowards.