Manchester City target Fernando Reges signs contract extension with Porto?

Manchester City target Fernando Reges has signed a contract to keep him at Porto until 2017, according to reports.

Portuguese newspaper O Jogo has claimed that the City target recently signed a three-year extension to his current deal, and will remain at the club unless his release clause of €30m (£25m) is met.

The club allegedly tried to sign the player in the January transfer window, but they were ultimately unwilling to pay the fee demanded by Porto.

The 26-year-old defensive midfielder has played 131 games for the Portuguese champions, scoring twice.