Monaco vice-president Vadim Vasilyev has revealed that the club are in talks with in-demand striker Kylian Mbappe over a contract extension.
"I assure you there is no agreement with a club,” he said, quoted by Eurosport.
Manager Pep Guardiola has admitted that City's wealth may not be enough in itself to secure the signing of Mbappe.
"In the end if depends on what the player, the agent and the clubs want, not just economic power," he said.
"Logically the best players only go to the best teams."