Benfica confirm agreement with Man City for Ederson

The 23-year-old, who has yet to win a senior cap for Brazil, reportedly underwent a medical with City on Tuesday and would immediately become the game's most expensive goalkeeper, edging Gianluigi Buffon's switch to Juventus on current exchange rates.

Benfica posted a picture of the keeper accompanied by the words "thank you @edersonmoraes93" on their Twitter account and said in a statement to the stock exchange "it has reached an agreement with Manchester City Football Club Limited for the definitive transfer of the rights of the athlete Ederson Santana de Moraes for the amount of forty million euros".

But City do not expect to be in a position to rubber-stamp the deal imminently.

Ederson's deal with Benfica involves third-party ownership of his economic rights, with previous club Rio Ave thought to hold a 50 per cent stake, and that must be resolved before he formally joins City.

Football Association rules do not allow for any third party involvement, meaning Benfica must take care of business independently before tying up loose ends with City.

City had a similar experience with Gabriel Jesus' transfer last season and are prepared to wait for a matter of days, if not weeks, for the correct paperwork to be finalised.

Ederson's expected arrival at the Etihad Stadium essentially confirms England number one Joe Hart has no chance of a reprieve after his season-long loan at Torino, while his original replacement, Claudio Bravo, has failed to live up to expectations.