Arsenal are one of a number of clubs interested in Gabriel Jesus, who is believed to be valued by City at £50m.
The 25-year-old scored 13 goals last season and contributed 12 assists from 28 starts in all competitions.
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The Premier League champions do not want to lose Jesus but understand his desire to get regular first-team football. The arrivals of Erling Haaland and Julian Alvarez are likely to reduce his playing time at City.
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