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Manchester City FC transfer news: Real Madrid's Pepe eyeing free transfer switch to Pep Guardiola's side

Real Madrid defender Pepe will snub lucrative offers from China in the hope he can secure a move to Manchester City or Paris Saint-Germain.

The 34-year-old is out of contract in the summer and he is ready to leave Spain on a free transfer in search of a new challenge.

It had been reported that the Portugal international was ready to head to China for a huge final pay day.

But now, according to Marca, Pepe is ready to snub the riches of the Far East in the hope he can continue his career in Europe.