Aguero is expected to hold talks with Manchester City over a five-year contract to be worth around 150,000 pounds a week.
City beat off bids by Real Madrid and Juventus to lure Aguero away from Atletico and thus making him the most expensive signing in the club’s history, eclipsing the 32.5 million pounds paid for Robinho in 2008.
The English club agreed to the fee with Atlético, marginally shy of the 38 million pounds release clause inserted into Aguero’s most recent contract, signed in January this year, The Telegraph reports.
City are expected to lose Carlos Tevez in the coming weeks. Coach Mancini was eager to sign a proven goalscorer before the Barclays Premier League season begins in two-and-a-half weeks.
City”s deal with Aguero is thought to have been sealed after the striker talked the move through with his wife Giannina, who is Diego Maradona”s daughter, in Argentina over the weekend.
-With telegraph.co.uk input