Manchester City transfer news: Cristiano Ronaldo could join in record summer move; City eye Real Madrid defender Pepe

All of Saturday's transfers news from Eastlands

Cristiano Ronaldo is sent off against Cordob (GETTY IMAGES)

EASTLANDS INCOMING...

Manchester City are plotting a world-record busting bid for Real Madrid superstar Cristiano Ronaldo next summer.

The Premier League champions have had to be more prudent in recent months after falling foul to financial restrictions - but now appear ready to splash the cash once more.

City's director of football Txiki Begiristain has also revealed he is in regular touch with Ronaldo’s agent Jorge Mendes.

LIVE: All of today's biggest transfer stories

City set to beat rivals United to Pepe's signature...

Man City have been handed a huge boost after Pepe revealed his intentions to leave Real Madrid.

According to the Daily Express, the Portuguese defender may join City as soon as this weekend - with the champions unhappy with the return from £31.8m Eliaquim Mangala.

Pepe's contract expires in the height of the summer of 2016 which may convince the Spanish giants to sell now before losing him for free.

Jamie Carragher says Frank Lampard shouldn't have joined Man City

Frank Lampard

Former Liverpool defender Jamie Carragher has criticised Frank Lampard for joining Chelsea's Premier League rivals Man City.

Writing in his Daily Mail column, the Sky Sports pundit desribes the situation as 'strange -uncomfortable almost'.

The former Blues star may play for Pellegrini's men when the two sides meet this evening. What are the odds on a Lampard winner?