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Aged 24, the Portuguese club is in superb form, scoring 16 goals and 12 badists in 30 league games.
Fernandes' performances saw him tied to both clubs in Manchester, but O Jogo believes City is ready to win the race for his signature.
According to the Portuguese newspaper, City and Sporting have spoken in recent weeks and citizens are increasingly on the verge of reaching a transfer agreement.
A sale now seems imminent after discussions between the sports directors of the two clubs, Hugo Viana and Txiki Begiristain, although the details of the fee remain to be defined.
Fernandes would very much like to play in the Premier League. Chelsea, Tottenham Hotspur and Arsenal, among the other English teams, have shown interest, as have AC Milan and Atletico Madrid.
The Portuguese international seems certain to leave Lisbon but will wait until the end of the season to decide on its future.
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