Manchester City will break their club-record transfer fee as they have activated Rodri's €70m (£60.5m) release clause.
According to Sky Sport Italia and the Guardian's Fabrizio Romano, the Premier League champions have confirmed their intentions to sign the Atlético Madrid star.
The 22-year-old Spanish midfielder is now discussing his contract details ahead of becoming Pep Guardiola's first summer signing in the window.
With Rodri heading to the Etihad, the Spanish club will turn their attention to Real Madrid's Marcos Llorente as a replacement.
Manchester City's fee for the Spain international, who has been linked with Paris Saint-Germain, Bayern Munich and Manchester United, would make him the club's new record signing.
Guardiola broke City's transfer
record last summer when the club splashed out £60m for Riyad Mahrez from Leicester
Rodri signed for Los Rojiblancos last summer from Villarreal for a reported fee of €20m.
And he has become an important
player under Diego Simeone after notching up 47 appearances across all
Rodri, who has been linked with City in recent months, is widely considered the 'successor of Barcelona midfielder Sergio Busquets for the Spanish national team.'
Guardiola is expected to strengthen
his midfield options after his side's historic domestic treble-winning season.
But the City boss could be expected to raid Atlético again in the hopes of capturing Saúl Ñíguez, who is considered as a long-term replacement for Fernandinho.
While there were rumours that Guardiola would take a sabbatical leave if City won the Champions League next season, the ex-Barcelona boss slammed any such suggestion over his future.
"No. I do not take sabbatical years. I am young and I have desire," he told reporters in Spain.
"The news comes out and many things are not true. If they do not kick me out, I'll stay there."
Will Rodri be a hit at City?
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