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| Carlos Tevez |
City accepted an offer of £10m that could rise by £2m with add-ons.
The Argentina international, 29, is
expected in Italy on Wednesday for a medical and to discuss personal
terms over a proposed three-year contract.
When the fee is combined with wages and bonuses due to Tevez in the final year of his contract, City could save £27m.
The two clubs reached an agreement at a meeting in London on Tuesday.
Tevez signed a five-year contract when he joined the Sky Blues in 2009 after previously playing for Manchester United.
City paid his advisors - who owned his contract - a reported £25.5m fee, although some have claimed the figure was £47m.
He has made 148 appearances for the club, scoring 74 goals, but
the relationship with former manager Roberto Mancini soured in 2011 when
he was fined and suspended following an
incident in a Champions League match against Bayern Munich.
City must now search for a replacement but have said
they will not pay the £53m asking price for Napoli forward Edinson
Cavani.
Sourse:BBC
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