The team recently invested heavily in January, signing several players, including Abdukodir Khusanov, Vitor Reis, Nico Gonzalez, and Omar Marmoush, for a total of £178 million to refresh their aging squad.
According to reports, City plans to continue investing in the summer transfer market and is eyeing Reijnders, a 26-year-old Dutch midfielder from AC Milan.
As AC Milan faces uncertainty in qualifying for next season's Champions League, the club is expected to sell Reijnders, who is valued higher than AC Milan's current record transfer, Kaka, who was sold to Real Madrid for £57 million in 2009.