Jovetic takes a step closer to a switch to the Etihad Stadium.
Fiorentina and Manchester City have reached an agreement for coveted forward Stevan Jovetic believed to be in the region of £28m, reports BBC Sport.
The Serie A club tweeted that a fee for the 23-year-old had been settled between the two sides.
— ACF Fiorentina (@ACF_Fiorentina) July 18, 2013
Jovetic has been previously targeted by Arsenal and Manchester United but it is new City boss Manuel Pellegrini that has won the race.
The Montenegrin has been a long-term target for the Citizens for some time, having scored 13 goals in 31 matches for the Florence side last season.
The forward has spent five years at Fiorentina since a £7m switch from Partizan Belgrade in 2008, going onto play 134 games for the Serie A club and scoring 40 goals.
Jovetic is less of an out-and-out striker and operates most successfully behind a front-man such as Edin Dzeko or new signing Alvaro Negredo.
The signing of the Montenegro international will be City’s fourth summer acquisition, as along with Negredo the attacker’s Sevilla team mate Jesus Navas has joined the club, as has Shakhtar Donetsk midfielder Fernandinho.
The arrival of Jovetic will take the Manchester club’s spending to well over £100m since the appointment of Pellegrini, as the Citizens try to reclaim the Premier League title back from fierce rivals Manchester United.
City’s owners are also hoping the introduction of the Chilean and players such as the Fiorentina ace will see the club progress in the prestigious Champions League – with the 2012 English champions having failed to make it out of the group for the past two years.