Manchester City will put the money they earned from selling Ferran Torres to Barcelona towards their mega-deal for Borussia Dortmund striker Erling Haaland, according to reports.

Haaland is widely expected to leave the club this summer, a move which will spark a fierce bidding war between a number of the world's heavyweight clubs. City will be firmly in the chase, as Sportsmail has reported.

And in a bid to beat off the competition, the runaway Premier League leaders will look to re-invest the handsome £55million figure they recently banked at the end of the season, as claimed by The Mirror.

Manchester City will use the fee from Ferran Torres' departure in their bid for Erling Haaland

Scoring sensation Haaland has a buyout clause in his contract worth £64million, and City will almost certainly be about to match this due to their enviable riches and their willingness to offload Torres, who left after struggling for game time.

However, potential suitors will also have to splash out on the frontman's sizeable wage demands. The same report goes as far as saying that he would expect to earn more than Kevin De Bruyne, who makes £400,000-per-week. 

In a further boost to City and their transfer plans, Haaland's future is reportedly set to be decided by the end of February at the latest.

BILD have reported that Dortmund are looking to piece together a club-record financial package in a bid to convince him to stay, with talks set to get underway at the start of this month with agent Mino Raiola and his dad, Alf-Inge Haaland. 

The outlet details that the Bundesliga outfit are willing to double their talisman's annual salary to £13.4m-per-year, which equates to £260,000-per-week. He may also rake in up to £6.7m in bonuses from Puma, Dortmund's manufacturer. 

With the likes of Manchester United and Real Madrid also keeping close tabs on the situation, City will be keen for clarity, which will enable them to turn their attention to other potential targets if necessary ahead of next summer.

Haaland has scored a remarkable 76 goals in just 75 competitive games for Dortmund since joining from Red Bull Salzburg almost two years ago.

The latest reports on this saga state that City will go 'all out' to snap him up.

It was also said last month that Ralf Rangnick, United's interim manager, has already spoken to Haaland's father about a move to Old Trafford. 

Raiola, meanwhile, insisted that no pre-contract has been agreed with any club as of yet - and also refused to rule out his client staying at Dortmund.