Manchester City are prepared to approve a £50 million bid to Liverpool for Raheem Sterling.

City have already seen two bids rejected for Sterling by Liverpool with their first offer of £25 million plus add ons rejected earlier this month before their improved bid of £40 million was turned down last week.

Sterling would add versatility to their attacking options and would also boost their homegrown player quota which has been hit hard by the departures of James Milner, Frank Lampard, Micah Richards and Dedryck Boyata.

Sterling turned down a £100,000-per-week offer from Liverpool in April.