Barcelona and Man City have not reached an agreement for €50 million-rated defender yet

In recent days, the rumour mill was fettered with speculations linking Joao Cancelo with an imminent loan move to Camp Nou.

However, Mundo Deportivo has come up with a detailed update on the future of the Manchester City superstar, as he looks to take the next step in his career.

Barça and Man City yet to reach an agreement

Contrary to reports earlier in the week, Barcelona have not yet reached an agreement over Cancelo’s loan deal to Camp Nou.

As per MD, Barcelona are still waiting on Man City to give approval on the right-back’s loan move.

In addition, Barcelona expect Man City to agree on a loan deal with no additional cost and a reasonable purchase option that can be activated next year.

That means the English champions must move on from their earlier €70 million demand for Cancelo and sanction his loan for a much lower fee this year.

Everything is in Man City’s hands

The report from MD clearly points out that the future of Joao Cancelo is in the hands of Manchester City.

As mentioned earlier, the English champions have not yet approved the deal. Only when they give the green light, can Barça pursue a deal.

Cancelo, for his part, must settle for a lower salary package if he is to join Barcelona. The defender currently earns a €9 million package at the Etihad.

Barça are not in a position to match that salary and will ask the player to settle for an inferior package.

All three parties, therefore, have a lot to figure out before the Portuguese international can book a flight to Catalonia.

Player valuation in title obtained from transfermarkt.com on date of publication.