Tribalfootball.com's transfer expert Rudy Galetti is reporting Ederson has agreed personal terms with the Saudi Pro League club.
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Al Nassr and City now must find an agreement over a fee for the Brazil international.
Galetti is reporting: "Ederson: personal terms agreed days ago (EXCL details: 4-y contract, salary set at €12,5m/season). Now talks are underway with Man City to lower the price.
"Allison: contacts ongoing, but - to date - he's oriented to stay at LFC."