Manchester City have reportedly learned it will cost them a club-record £75million transfer fee to sign Ajax midfield starlet Frenkie de Jong.

This is the latest update on the saga from the Daily Mirror, who also mention Barcelona as suitors for the highly-rated young Netherlands international.

De Jong certainly looks a huge talent after his impressive form in the Eredivisie and at international level, with AS also linking him with the likes of Manchester United, Liverpool and Real Madrid.

It remains to be seen where De Jong will end up, but it seems City would have to really pay up if they are to win this transfer battle.

As noted by the Mirror, their current transfer record purchase is surprisingly low at just £60m for Riyad Mahrez, which is some way off clubs like United and Barca.

If MUFC are major contenders in this transfer battle, it will be interesting to see what swings it in deciding which Manchester club De Jong moves to.

Frenkie de Jong in action for Ajax