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Juventus superstar Ronaldo's future is yet to be resolved and he has just a year left on his current contract.
The club would accept his request to leave this summer if he wanted to, but nothing is stopping him walking away for free next summer.
Calciomercato per JuveFC have claimed Ronaldo could be in line to join City as their replacement for Sergio Aguero.
Aguero joined Barcelona on a free transfer earlier this summer and City have made no progress in signing a replacement.
Erling Haaland and Harry Kane have been mooted but no move has been proposed yet.
It means the door could be open to sign Ronaldo, who made his name with bitter rivals Manchester United.
Ronaldo arrived at United from Sporting Lisbon in 2003 as an 18-year-old with bags of potential.
He'd achieve that an much more in six years at Old Trafford, winning three Premier Leagues and the Champions League.
Real Madrid paid a then-world record fee of £80 million for Ronaldo in 2009 and it brought his stay in England to an end.
But with City in need of a clinical forward, the door could be open once again.
Manager Pep Guardiola insisted it would be hard for City to buy an expensive striker in the current climate.
"There is a lot of big chances that maybe we are not going to sign a striker for next season," Guardiola explained per The Guardian.
"Listen, with these prices we are not going to sign any striker - we cannot afford it, it's impossible. That's not going to happen, no. All the clubs struggle financially and we are not an exception.
"We have Gabriel [Jesus] and Ferran [Torres] who played incredible in this position this season.
"We have enough players in the first team right now and we have interesting players in the academy. And we have played, many, many, times with a false nine.
"There is a big chance, with the situation in the world, the economic problems in world football, we are not going to sign any striker for next season."
Ronaldo's contract situation means he'd likely be available at a lower fee than his market value.
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