City management are weighing up what to do with the young Argentine, who was preferred over Jack Grealish for the FA Cup final and Club World Cup.
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Roma are in contact and keen to take Echeverri on-loan for the new season.
La Gazzetta dello Sport says Roma chief Ricky Massara is also open to purchasing Echeverri and including a buy-back option in the deal.
It's been suggested Massara could offer €28-30m for the midfielder, who arrived last season at City for €18.5m from River Plate.
