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.
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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