The Spain midfielder is emerging as a 2026 target for Real Madrid.
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The Sunday Express says Real Madrid are prepared to offer €140m to convince City to part with the Ballon d'Or winner.
City management have no plans to part with Rodri, though with a deal to 2027 they're in a vulnerable position.
Instead, City plan to open talks with Rodri in order to extend and improve his current deal.
City plan to up Rodri's terms "significantly" to convince him to further delay his career plans to return home to Spain.