Manchester City would have to pay in the region of £60m if they wish to sign AC Milan left-back Theo Hernandez, according to a report.
The Premier League champions, along with Ligue 1 giants Paris Saint-Germain, are believed to be the frontrunners for the Frenchman's signature.
AC Milan are keen to keep hold of Hernandez and will only entertain offers between £55.5m (€65m) and £59.7m (€70m), according to Calciomercato.
With Benjamin Mendy currently suspended by the club, Oleksandr Zinchenko is City's only recognisable left-back at present, though Pep Guardiola has been able to call upon Joao Cancelo to operate in that role.
The report states that Guardiola is keen to recruit a new left-back and is believed to be 'crazy' about Hernandez, who he has 'followed for at least two years', admiring the 23-year-old's growth in all aspects of his game.
Hernandez enjoyed an impressive campaign for the Rossoneri last season, claiming seven goals and six assists from 33 Serie A appearances.