Paul Pogba latest: Manchester City 'ready to spend £70m and offer £250,000-a-week' to Manchester United and Chelsea target

Pogba would become the highest paid midfielder in world football

(Getty Images)

Sheikh Mansour has given the go-ahead on a £70million deal to bring Juventus midfielder Paul Pogba to the Etihad, according to reports.

The billionaire Manchester City owner has also 'sanctioned' a potential contract worth £250,000-a-week after tax, according to the Daily Mail, with the club desperate to build an ageing squad that has failed this season.

If a deal were to happen, the Paris Saint-Germain, Real Madrid, Manchester United and Chelsea target would become the highest paid midfielder in world football, and would trail only Lionel Messi, Cristiano Ronaldo and Wayne Rooney, who are all on around £300,000-a-week.

With more than 10 players under threat of being sold or released this summer, City will need to quickly rebuild their squad. Selling the likes of Yaya Toure would fund the move and help City comply with Financial Fair Play.

Manuel Pellegrini's job is also under huge threat, with Pep Guardiola a reported replacement, although the Bayern Munich manager has dismissed rumours he will be joining the club.

Pogba, 22, played his first game since 18 March on Saturday, scoring as Juventus drew 1-1 with Cagliari. Juventus face Real Madrid in the second leg of the Champions League on Wednesday.