Manchester City will reinvest the money received for Mario Balotelli in a bid for either Cristiano Ronaldo or Radamel Falcao, according to a report.
The Citizens now have just three recognised strikers following the sale of the Italian, while reports suggest that Carlos Tevez will also be leaving the Etihad Stadium in the summer.
According to The Metro, Ronaldo and Falcao are at the top of Roberto Mancini's list of potential reinforcements.
The Portuguese winger has hinted that he could leave Real Madrid in the not-so-distant future, with Paris Saint-Germain reportedly waiting in the wings.
Meanwhile, Atletico Madrid striker Falcao has also been linked with a possible move to Chelsea.