Manchester City have followed the £20m signing of Spain striker Alvaro Negredo with a reported £22.6m deal for Fiorentina's Montenegrin striker Stevan Jovetic, according to a post by the Italian club on their Twitter account.
The club also released a statement on their official website, declaring:
"ACF Fiorentina has agreed terms with Manchester City FC for the permanent transfer of Stevan Jovetic, subject to the player signing a contract with the English club."
City have yet confirm the transfer.
The Etihad club were looking for reinforcements up front, following the sale of Italy international Mario Balotelli to AC Milan in January and the departure of Argentina's Carlos Tevez to Serie A champions Juventus this summer.
Those transfers left new coach Manuel Pellegrini with only two senior strikers - Argentine Sergio Agüero and Bosnia international Edin Dzeko.
The signing of Negredo from La Liga club Sevilla and 23-year-old Jovetic should settle the Chilean's attacking line-up for the new season. Brazil midfielder Fernandinho joined from Shakhtar Donetsk for £30m, according to the BBC. And he has been accompanied by two players from Sevilla - Negredo and right-winger Jesus Navas, who signed for an initial £14.9m.
City have beaten Chelsea and Arsenal in the race for Jovetic's signature, as well as Juventus, whose interest was reported by Gazatta Dello Sport but died after confirming Tevez and Spain's Fernando Llorente as new arrivals up front.
The Blues, meanwhile, were linked with a £25m bid in May but following Jose Mourinho's comments about signing Manchester United's Wayne Rooney or Real Madrid's Gonzalo Higuain, they too have presumably shifted focus.
Jovetic's signature will also please City fans because it represents the first major striker arriving in the Premier League this summer. Colombian international Radamel Falcao, Uruguayan Edinson Cavani and Spain's all-time goal scorer (and World Cup winner) David Villa were all pursued by English clubs, with Chelsea, Tottenham, Arsenal and City themselves in the mix.
However, all three opted to sign for clubs in Spain and France, with the first two joining Monaco for £50m and Paris St Germain (PSG) for £55m respectively. Villa left Spanish champions Barcelona to join Atletico Madrid, moving to replace Falcao.