Manchester City will have to pay Gianluigi Buffon wages of £250,000-a-week to prise the world's best goalkeeper away from Juventus.
The Daily Mail claim that City would also have to pay a transfer fee of £20 million for the 30-year-old Italian international.
The super-expensive transfer is thought to be a 'statement signing' by the club's new billionaire owners, the Abu Dhabi royal family, who shocked football by signing Robinho during the summer transfer window.
City manager Mark Hughes is believed to have endorsed the transfer - on condition Buffon proves his fitness after missing a month of Serie A action with a groin injury - and would welcome the World Cup winner into his squad.
However, last month Buffon, who currently earns £90,000-a-week at the Stadio Olimpico, dismissed City as a fantasy football club.
"Manchester City? I played fantasy football when I was young, now I only like to think about real football," he told firenzeviola.it.