England midfielder Elliot Anderson will move to Manchester City from Nottingham Forest following his return from the World Cup after the two Premier League clubs agreed a deal worth a reported £116 million.
Such a fee would represent a club record for City and a statement of their intent under new manager Enzo Maresca after Pep Guardiola stood down at the end of last season.
The 23-year-old Anderson, currently preparing for a last-16 tie with Mexico, completed his medical in Kansas City – where England are based – and will formally make the switch when the national side are no longer involved in the tournament.
"Manchester City and Nottingham Forest have reached an agreement for the transfer of Elliot Anderson," said a City statement issued on Thursday. "The formalities of the move will be finalised upon his return to England.
"In the meantime, everyone at Manchester City wishes Elliot and the England squad the very best of luck in their World Cup campaign and we look forward to welcoming him to Manchester in due course."
There had been reports Anderson would fetch a British record fee of £130 million but the deal is now expected to be worth less than the £125 million fee Liverpool paid Newcastle for Alexander Isak last year.
Anderson has started all four of England's World Cup matches, with national team boss Thomas Tuchel labelling him the "full package" during the squad's preparation camp.
"He's a top player. There's nothing more to say, he's the full package. I'm happy that he’s with us on that kind of level and he's a key player for us," he said.