Manchester City are on the verge of sealing the £28 million signing of Fiorentina star Stevan Jovetic, Mail Online reported today

However, City suffered a setback in their pursuit of Alvaro Negredo after Sevilla president Jose Maria del Nido warned there is now only a ‘one per cent’ chance of a deal going through.

New boss Manuel Pellegrini is anxious to sign the two strikers to fill the gaps left by the recent departures of Carlos Tevez and Mario Balotelli.

City have been in talks with Fiorentina over Jovetic for some time, but it is understood the two clubs have finally agreed an initial fee of £23m that could rise by £5m in bonus payments.

Fiorentina have previously stipulated that they would not sell the Montenegro international, 23, for less than the £28m buyout clause in his contract.

City still hope to sign Negredo as well but have been unable to reach a compromise deal over the Spain striker amid concerns that Sevilla are trying to ramp up the price beyond £20m.