Manchester City 'readying fresh £50m Raheem Sterling offer'

Manchester City chiefs have reportedly given Manuel Pellegrini the green light to make a fresh £50m bid for Liverpool winger Raheem Sterling.

The England international is said to have already been the subject of two rejected bids made by the Citizens, with the latest thought to be in the region of £40m.

However, City are now readying a third bid for the 20-year-old, which ESPN claims will match the valuation set by Liverpool.

Chairman Khaldoon Al Mubarak recently revealed that the two-time Premier League champions would spend big over the summer months in an attempt to win back their crown from Chelsea.

It is suggested in the same report that home-grown talent Sterling is the top of City's wishlist, while Arsenal's Jack Wilshere is also rumoured to be a target.