It is believed the deal can be struck if City add a further €2m in performance-related bonuses.
Roma would then reinvest that money in the Premier League by snapping up Manchester United winger Nani.
Osvaldo is on the market after publicly insulting then-Coach Aurelio Andreazzoli following the Coppa Italia Final in May.
The 27-year-old has a history of fiery behaviour, including an incident when he punched teammate Erik Lamela, and scored 16 goals in 29 Serie A games last season.
He is eager to come to Manchester City, as he’d reunite with his former Espanyol manager Manuel Pellegrini.
With Edinson Cavani linked with every big club in Europe, Napoli are set to be a big mover in the Italian transfer market.
They are reportedly close to signing Leandro Damiao from Internacional, beating Tottenham, Inter and Southampton.
“There is a club that intends to sign the player,” agent Vinicius Prates told Radio Gaucha. “The interest exists.”
Although he did not specifically name Napoli, it is reported the Partenopei are the front-runners for the 23-year-old.
Napoli have also reportedly lined up offers for Roma forward Erik Lamela and Torino defender Angelo Ogbonna.
It is not the first time Napoli have been linked with Lamela and they are thought to have prepared a contract worth €3.5m per season.
However, if Roma were to release Lamela then it would most likely be for Tottenham, who have shown consistent interest in the 21-year-old.
Meanwhile, Napoli are also said to be targeting Torino defender Ogbonna, as Juventus are still not close to his €18m asking price.
It is believed the Partenopei could dive in with a €15m offer and upset the Bianconeri.
There are also reports Napoli could offer Juan Camilo Zuniga to Juventus in part-exchange for Mirko Vucinic.
Both players are expected to move on from their respective clubs this summer, although there are different alternatives.
Zuniga’s contract expires in June 2014, so Napoli are eager to sell in order to avoid losing him on a free transfer.
According to Tuttosport, Napoli would be willing to listen if Vucinic were to be included as part of an exchange.
The Partenopei would have to add a considerable cash sum to complete the transfer, as Vucinic is valued at over €10m.
The arrivals of Carlos Tevez and Fernando Llorente at Juve limit the starting spots for the Montenegro international.
Liverpool are reportedly lining up a €9m bid for Hellas Verona and Italy Under-21 starlet Jorginho.
The rumours had already emerged this week about possible interest from Anfield towards the versatile creative midfielder.
According to the latest reports emanating from Italy, the proposal will be made official in the form of €9m – approximately £7.7m.
Jorginho is 21 years old and of Brazilian origin, but spent much of his life in Italy and decided to represent the Azzurri at international level.
Il Messaggero maintains Roma have agreed terms with Kevin Strootman, but are yet to match PSV’s €15m asking price.
The Dutch international midfielder had already been heavily linked with Milan earlier this summer, but Roma appear to be in the lead now.
According to newspaper Il Messaggero, the club has agreed terms with the player, but are still in negotiations with PSV.
It is believed PSV Eindhoven are requesting €15m plus performance-related bonuses for the 23-year-old, but the Giallorossi want that whittled down to at most €11m.
Inter defender Andrea Ranocchia is attracting interest from Manchester United, Tottenham and Arsenal.
The Corriere dello Sport claims the Italy international has become a prime target for several Premier League clubs.
Manchester United are the latest addition after previous links with Spurs and Arsenal.
The 25-year-old had also been tracked by Juventus earlier this summer and is believed to have a €15m price-tag.
The 21-year-old Serbian international’s current deal expires in June 2014 and renegotiations with the Viola have not been going well.
Rossoneri Vice-President Adriano Galliani confirmed Ljajic “could be a transfer target,” but would not be drawn on any proposals.
According to the Corriere dello Sport, Milan are playing the long game – much the same way they did to get Riccardo Montolivo as a free agent from Fiorentina.
They have reportedly already agreed personal terms with Ljajic, so if a €10m offer is turned down, they are prepared to wait a year until he is free to make the move.
Roma have made it clear the midfielder – nicknamed ‘Future Captain’ – is available for the right price.
His rapport with the Giallorossi supporters took a hit and he was subject to protests after the Coppa Italia Final defeat to Lazio in May.
Chelsea had already prepared a £10m offer, but the Daily Express claimed this weekend that it was going to be increased to £15m.
The 29-year-old has 84 caps for Italy and impressed at the Confederations Cup. He has also been linked with Real Madrid and PSG.
A deal seemed to be done, but this morning the exchange between Genoa’s Alberto Gilardino and former loanee Marco Borriello collapsed.
Genoa had been ready to hand over Gilardino to Roma in exchange for full ownership of Borriello and a cash sum.
However, today’s crunch meeting between the clubs hit a brick wall, so both Sky Sport Italia and La Gazzetta dello Sport claim the move is off.
- Sports & Recreation
- Manchester United
- Erik Lamela
- Premier League
- Mirko Vucinic