According to the players father and his agent, City have signed Germany Under 16 International goalkeeper Loris Karius.
The 15 year old goalkeeper is rated as one of the brightest prospects in Europe and after a lot of interest from clubs all over Europe, particularly the Premier League, City have won the race to sign him.
His agent Klaus Gerster said............
''Loris signed a three-year contract in Manchester last week, We had many offers from England and Germany - 70 percent of Premier League sides wanted Loris.''
''Loris has great talent - if he didn't, there wouldn't have been such massive interest in him - but football is all about performances.''
VfB Stuttgart who the player currently plays for are not happy about him signing with City.
Stuttgart's youth coordinator Thomas Allbeck said.............
''There was an exorbitant amount of money involved, On the one hand we cannot afford this and we are also unwilling to keep up with this.''
''That amount of money was well out of proportion.''
''All the sporting and educational aspects will not matter when a young player has got it made financially in just a few years time.''
Sounds like we have signed a good young player. Although we are wealthy now, he might save us a few quid in the future.