Manchester City have had a huge £92m bid for defender Jose Gimenez knocked back by Atletico Madrid, according to a report.

Last season's Premier League runners-up remain on the lookout for a new centre-back, despite bringing in Nathan Ake from Bournemouth last month.

Napoli's Kalidou Koulibaly is a possible target for the Citizens, but Spanish outlet Marca claims that Gimenez is their primary target.

City are said to have tabled a mammoth offer for the Uruguay international, which would have made him comfortably their record signing.

However, it is claimed that Atletico are not prepared to let Gimenez leave unless his £110m release clause is triggered.

Gimenez has spent six seasons in Atleti's first team and has three years to run on his existing contract.