Manchester City look to replace Manuel Pellegrini with Pep Guardiola

Manchester City are hoping that Pep Guardiola will replace the incumbent Manuel Pelligrini as team manager this summer after Bayern Munich hit a slump in form over the past dew games.

The 2013-14 Premier League champions had earlier been working to put together an agreement for Guardiola to take over at the Etihad Stadium in the summer of 2016, when his contract with Bayern ends, the Mirror reported.

One of the things that have really made the City confident is the Spaniard's growing discontent at Munich as well his inhibition to sign a new contract with the German giants.

Manchester City is however prepared to pay 'any amount' to make him their manager and will also to hand him a huge budget to rebuild the team.

However, City has to decide whether to allow Pellegrini to run down the final year of his contract. The Chilean would remain in charge for the next season if Guardiola decides to stay at Bayern.