The England winger left the Etihad for Germany in 2017 after being told by Pep Guardiola that he would have to bide his time for first-team football at the club.
City received just £8m for Sancho, who was 17 at the time. But the club inserted a clause in his deal that they could match any accepted offer for the winger, meaning they essentially have first refusal on the England star.
City’s rivals, Manchester United, had been confident of signing Sancho before the pandemic hit but the club is now questioning their pursuit of the 20-year-old. Sancho is valued at £120m by Dortmund.
Dortmund value Sancho at £120m and are unwilling to drop their asking price, despite accepting that the winger is likely to leave this summer. With United cooling their interest, Sancho’s options are limited and the Sun claim he’s now got an open mind to returning to the Etihad.
Sancho had been against returning to City, believing the club made a mistake in not backing him when he was younger. However, City offered to make him the highest-paid 17-year-old in their history on wages of £30,000-a-week and the club insist he would have become a first-team regular under the tutelage of Pep Guardiola.
That’s led to Sancho telling friends he would consider a move to the club this summer if they reignite their interest.
At this moment in time though, it looks unlikely that City would countenance spending such an amount on a player during such a problematic time for the club.
The club is currently appealing their two-year ban from the Champions League and it would be unwise to spend such a figure given the financial hit that would come from 24 months outside the competition. But City could raise as much as £90m from the sale of Leroy Sane to Bayern Munich this summer, which could force Guardiola into a rethink.