Manchester City demand €90m for Rayan Cherki amid Real Madrid and PSG interest

Manchester City have reportedly placed a €90 million price tag on Rayan Cherki amid growing interest from Real Madrid and Paris Saint-Germain ahead of the upcoming transfer windows.

The 23-year-old midfielder has attracted attention following his impressive performances under manager Enzo Maresca, with his creativity and attacking qualities making him an increasingly important figure at the Etihad Stadium.

According to CaughtOffside, citing transfer reports, both Real Madrid and PSG are monitoring Cherki’s situation as they consider potential moves for the attacking midfielder.

City are, however, unwilling to let the former Lyon playmaker leave cheaply and have reportedly set their asking price at €90 million.

Cherki has enjoyed an impressive 2026/27 campaign, registering six goals and three assists in 13 appearances across competitions.

His performances have strengthened his reputation as one of the exciting attacking talents in European football, attracting attention from clubs looking to reinforce their creative options.

The uncertainty surrounding City’s ongoing Premier League financial case has also contributed to speculation about the futures of several first-team players.

The English champions face the possibility of serious sporting sanctions if found guilty of the alleged financial breaches, although the outcome and potential consequences remain uncertain.

Real Madrid and PSG are reportedly keeping a close eye on developments, with both clubs aware that any potential transfer would require significant financial investment.

Despite the speculation, City remain in a strong contractual position regarding Cherki’s future.

The Frenchman joined the club from Lyon in 2025 on a five-year contract running until June 2030, meaning the Premier League side have considerable control over any potential transfer negotiations.

No agreement or formal transfer bid has been reported, with interested clubs expected to monitor the situation before deciding whether to pursue the midfielder.