But City face competition as Barcelona and Paris St Germain have joined the chase for the highly-rated Dutchman.
A Barca source told The Sun: “We expect a very hot summer in the transfer market.”
Barcelona are reportedly prepared to sell David Villa to finance their bid for Van Persie.
Manchester United and Juventus are also both monitoring the 28-year-old’s situation at the Emirates.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.