Earlier this month reports suggest that the Argentine centre-back was heading to Manchester United. seeing that the United boss was desperate to strengthen the defence department. The Reds were also Linked with a Move for Real Madrid's Sergio Ramos.
However recent reports suggest that Manchester City are now front-runners in the race to secure the defenders signature with a £28.4m deal.
Reports from the Daily Star suggest that Eliaquim Mangala will go the opposite direction as part of the deal join Valencia on a season-long loan in return.
Spanish football expert Guillem Balague claims the move is already complete and that it will be announced today.
He tweeted yesterday: "Tomorrow all confirmed: Otamendi to City for €40m and Mangala on loan. Real Madrid would have paid €50m buy out clause if Ramos had gone."
Argentina star Otamendi, 27, formed a strong partnership with Mangala when the pair were at Porto.
Tomorrow all confirmed: Otamendi to City for €40m and Mangala on loan. Real Madrid would have paid €50m buy out clause if Ramos had gone
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