The Premier League side is expecting developments regarding the Belgium international's contract talks with Wolfsburg and is ready to make an approach.
Manchester City is waiting on the outcome of Kevin De Bruyne's contract talks with Wolfsburg before making a big offer for the attacking midfielder, Goal UK understands.
Wolfsburg is determined to keep hold of its prized asset, with sporting director Klaus Allofs stating on Monday that De Bruyne will remain with the German club and that they are prepared to open talks over an improved contract.
But the Belgium international has made his demands known and City is expecting developments in the next 48 hours one way or the other.