Manchester City had a relatively quiet January transfer window until Joao Cancelo had to be moved on to Bayern Munich owing to a breakdown in relationship with Pep Guardiola and decreased playing time, with the only other bit of significant movement happening with the signing of emerging talent Maximo Perrone from Velez Sarsfield.
Here's everything we've managed to keep tabs on:
Maximo Perrone: The midfielder has joined City on a five-and-a-half-year deal after the Premier League champions agreed to pay around £8 million to Velez Sarsfield, with the player set to linkup with his new teammates very soon following Argentina's exit from the South American Youth Football Championship.
Although Perrone will train amongst the first-team at the City Football Academy, it has been reported that he is unlikely to feature and compete with fellow holding midfielders Rodri and Kalvin Phillips for a place in the starting eleven.
It has also been reported that the highly-rated 20-year-old will be assessed over the coming months before a decision is made at the end of the season about him potentially sticking around for the next campaign or whether a loan move would be better suited.
However, given the lack of quantitative depth in the City squad that could be exacerbated by injury issues, Guardiola may force the issue if the youngster impresses in training and shows good adaptation like his compatriot Julian Alvarez, who also made a direct move from South America to Manchester.
OUTGOINGS – PERMANENT
Diego Rosa: Newly acquired City Football Group side EC Bahia have signed the midfielder on a permanent deal until the end of 2027, with any potential transfer fee currently unknown. The 20-year-old was signed by the Blues from Gremio in 2020/21 for a reported initial fee of around £4 million to £5 million, with potential bonuses rising as high as £21 million; although those bonuses, reportedly including first-team appearances for City, now appear unlikely to be achieved.
Liam Smith: Swansea are expected to complete the permanent signing of the 19-year-old forward, who City signed from Kilmarnock in 2020 for a compensation fee of around £200,000.
OUTGOINGS – LOAN
Morgan Rogers: Blackpool have signed the 20-year-old forward on loan for the remainder of the season.
Kayky: Having joined Pacos de Ferreira in the Portuguese first division on loan at the beginning of the season, the 19-year-old winger will now spend the remainder of his calendar year at CFG side Bahia, who will compete in the Brazilian first tier after they earned promotion last term.
Liam Delap: Preston North End have signed the striker for the remainder of the season after the 19-year-old spent the first half of the campaign on loan at Stoke.
Nahuel Bustos: Argentine side Talleres, from which he was signed by City Group in 2020, have completed the signing of the midfielder until the end of 2023. The 24-year-old joined Sao Paulo on loan last summer, but his time in Brazil was brought to an end.
Josh Wilson-Esbrand: Earmarked by Guardiola as a talent capable of playing in the City first-team, the 20-year-old left-back has joined Coventry on loan for the remainder of the season in the hope of regular minutes following time out on the sidelines with an injury.
Luke Mbete: The 19-year-old central defender will play the remainder of the campaign on loan at Bolton Wanderers, linking up with fellow blue James Trafford, after his initial loan at Huddersfield Town was brought to an end.
Joao Cancelo: Bayern Munich have signed the disgruntled full-back on loan for the remainder of the season, with the perennial Bundesliga champions having the option to sign the 28-year-old on a permanent deal for €70 million in the summer.
Written by: @NA1907_
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