Fernandinho's agent has said he has received offers from clubs in Brazil and Europe with the midfielder's Manchester City contract set to expire at the end of the campaign.
He is currently in his eighth season at City and has been the lynchpin of the side for a number of years. During his time at the Etihad Stadium, the club has won three Premier League titles, five League Cups as well as the FA Cup in 2019.
Fernadinho's illustrious spell with City is set to end in the summer, although the club has ambitions to keep him for a further year.
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Guardiola has admitted that the defensive midfielder could seek a fresh challenge at the end of the season and the player's agent recently confirmed that he had received proposals from several teams, strongly hinting that former club Atletico Paranaense were among those interested.
"We’ve received several proposals, good projects from Brazilian and European clubs for Fernandinho. He’s a phenomenal player and person," Giovanni Branchini said during an interview with GloboEsporte.
"I believe it won’t be long before he knows what decision he’ll make. Everyone knows that Fernandinho has a great affection for Atletico and the board. I, too, have an excellent relationship with President Mario Celso Petraglia.
"Conversations have always happened, but I can’t go ahead and say that we talk about values, for example. It hasn’t happened yet."
Despite his advancing years, Fernandinho remains an important part of the City squad. He has made 15 appearances in all competitions so far this season and remains one of the world's best in his position.
If he does depart in the summer, he will hopeful of securing one final Premier League title before he departs. City are currently fifth, four points adrift of Liverpool and Manchester United with games in hand.