English papers reported on Wednesday that the Brazilian was spotted having a medical in Manchester.
Fernandinho has starred for Shakhtar in recent times and would join Jesus Navas at the Etihad as new signings for next season.
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The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.
Five English clubs will compete in the last sixteen of the Champions League for the first time ever as Liverpool, Manchester United, Manchester City, Chelsea and Tottenham face some difficult away matches.