According to The Sun, Chelsea have rejected a £30 million offer from City but are expecting a £40m bid in the near future, while Terry has been told he would be paid a staggering £300,000-a-week.
The centre-back has apparently been interested in the Citizens' project for some time, but the tabloid reports that he has been taken aback by Mark Hughes' persistence. The England and Chelsea captain is already earning a weekly salary of £150,000 at Stamford Bridge, but City's offer would make him the highest-paid player in the world by some distance.
After the Kaka saga in January, Manchester City's owners are intent on bringing a superstar to Eastlands this year, and it appears that Terry is the man.
The deals for Carlos Tevez and Samuel Eto'o remain unsigned, but Mark Hughes believes that Terry is key to any success Manchester City may have next year as the defence is in need of strengthening.
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