The 20-year-old attacking midfielder has enjoyed an impressive debut season in Serie A and has drawn interest from a host of top European suitors.
Make a move: Manchester City are keen to sign Bologna star Gaston Ramirez
But Bologna are keen to keep hold of him and have slapped a ?17.5million asking price on the player and have already rejected an 'official bid' from the oil-rich Barclays Premier League club, according to the player's representative, Vincenzo D'Ippolito.
'It's a concrete offer from Manchester City for him,' D'Ippolito told Sky Sport Italia.
'I don't know what amount but Bologna, for now, said no.
Holding on: the Italian club do not want to lose the highly-rated Uruguayan playmaker
'These are the first signs, we'll see what happens.
'Bologna want at least €20million (?17.5m) for him.'
With Champions league football on the horizon for next season, Eastlands boss Roberto Mancini is determined to add quality new signings to his squad this summer.
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Source: Daily Mail
Source: Daily Mail